EUR/USD Technical Analysis: Euro staying under pressure below 1.1530 in the New York session

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  • EUR/USD is trading in a bear trend below its 200-period simple moving average.  
  • EUR/USD rejected the 50 and 100-period simple moving averages while the Stochastic indicator is pointing down. 
  • EUR/USD is set to remain under pressure below 1.1530 potential downside targets near 1.1463 October 4 low and 1.1430 October 9 low. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro staying under pressure below 1.1530 in the New York session

Spot rate:             1.1492
Relative change:  -0.18%  
High:                    1.1551
Low:                     1.1487

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
  

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