EUR/USD Technical Analysis: Euro remains under pressure below 1.1500 figure

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average. 
  • EUR/USD found some decent support near the 1.1430 support however the main bias remains bearish. In the New York session, the 1.1500 is likely going to be the level of interest for both bulls and bears. The market might be set to test 1.1500 as the Stochastic is crossing over. 
  • A break below 1.1430 would give extra-confirmation of the bearish bias. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro remains under pressure below 1.1500 figure

Spot rate:             1.1469
Relative change:   0.03%  
High:                    1.1486
Low:                     1.1439

Main trend:             Bearish

Resistance 1:   1.1500 figure and October 2 swing low 
Resistance 2:   1.1530 August 23 swing low (key level)
Resistance 3:   1.1569 Sept. 28 low
Resistance 4:   1.1600 figure
Resistance 5:   1.1630 August 8 high key level
Resistance 6:   1.1654 August 27 high

Support 1:   1.1463 October 4 low
Support 2:   1.1430 October 9 low
Support 3:   1.1400 figure
Support 4:   1.1300 current 2018 low

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