EUR/USD Technical Analysis: Euro testing 1.1500 near daily highs

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  • EUR/USD is in a bear trend below the 200-period simple moving average. 
  • EUR/USD is currently trading just below the 1.1500 figure after the market found some support at last week low. 
  • EUR/USD is likely going to remain under bearish pressure below 1.1500 figure. However, a break above 1.1500 could open the doors to 1.1530 (August 23 swing low, key level).

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro testing 1.1500 near daily highs

Spot rate:             1.1478
Relative change:   0.23%  
High:                    1.1494
Low:                     1.1433

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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