EUR/USD Technical Analysis: Euro remains pressured below 1.1530 key level post FOMC minutes

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  • EUR/USD is trading in a bear leg below its 200-period simple moving average (SMA) after the release of the FOMC minutes. 
  • EUR/USD bears are currently keeping the price below the 1.1530 key level as the RSI, MACD and Stochastic have turned bearish, suggesting that the path of least resistance might be to the downside.
  • The next key resistance to break for bears will be the 1.1500 figure followed by 1.1463 October 4 low.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro remains pressured below 1.1530 key level post FOMC minutes

Spot rate:             1.1515
Relative change:  -0.52%  
High:                    1.1581
Low:                     1.1507

Main trend:             Bearish

Resistance 1:   1.1530 August 23 swing low (key level)
Resistance 2:   1.1569 Sept. 28 low
Resistance 3:   1.1600 figure
Resistance 4:   1.1630 August 8 high key level
Resistance 5:   1.1654 August 27 high

Support 1:   1.1500 figure and October 2 swing low 
Support 2:   1.1463 October 4 low
Support 3:   1.1430 October 9 low

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