EUR/USD Technical Analysis: Fiber trading below 1.1430 ahead of the US mid-term elections

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the US mid-term elections
  • EUR/USD has rejected the 1.1430 level and the 100 SMA creating a long tail on the 4-hour chart candle. The RSI indicator is rather flat and decelerating although still above the 50 line. 
  • The path of least resistance favors the bears with a break below 1.1400. On the flip side, if bulls manage to reconquer the 1.1456 on a daily closing basis that could open the gates to 1.1500 figure.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Fiber trading below 1.1430 ahead of the US mid-term elections

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1456 November 5 high
Resistance 3:   1.1500 figure and October 2 swing low 
Resistance 4:   1.1530 August 23 swing low (key level)

Support 1:   1.1400 figure
Support 2:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  


Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1412
    Daily change: 4.0 pips
    Daily change: 0.0351%
    Daily Open: 1.1408
Trends:
    Daily SMA20: 1.1456
    Daily SMA50: 1.1563
    Daily SMA100: 1.1587
    Daily SMA200: 1.1862
Levels:
    Daily High: 1.1424
    Daily Low: 1.1353
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1397
    Daily Fibonacci 61.8%: 1.138
    Daily Pivot Point S1: 1.1366
    Daily Pivot Point S2: 1.1324
    Daily Pivot Point S3: 1.1296
    Daily Pivot Point R1: 1.1437
    Daily Pivot Point R2: 1.1466
    Daily Pivot Point R3: 1.1507

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