EUR/USD Technical Analysis: Mission Accomplished for New York bulls as the market hits 1.1400 strong resistance

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average. 
  • EUR/USD bulls lifted the market in the first part of the New York session and tested 1.1400 strong resistance. 
  • The bias remains bearish below 1.1400-1.1430 with targets at 1.1350 and the 2018 low at 1.1300 figure. A break above 1.1430 on a daily closing basis could put the bear rally on hold. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Mission Accomplished for New York bulls as the market hits 1.1400 strong resistance

Main trend:             Bearish

Resistance 1:   1.1400 figure
Resistance 2:   1.1430 October 9 low
Resistance 3:   1.1463 October 4 low
Resistance 4:   1.1500 figure and October 2 swing low 
Resistance 5:   1.1530 August 23 swing low (key level)

Support 1:   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: 1.1395
    Daily change: 7.0 pips
    Daily change: 0.0615%
    Daily Open: 1.1388
Trends:
    Daily SMA20: 1.1461
    Daily SMA50: 1.1568
    Daily SMA100: 1.1589
    Daily SMA200: 1.1867
Levels:
    Daily High: 1.1456
    Daily Low: 1.1372
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1404
    Daily Fibonacci 61.8%: 1.1424
    Daily Pivot Point S1: 1.1354
    Daily Pivot Point S2: 1.1321
    Daily Pivot Point S3: 1.1271
    Daily Pivot Point R1: 1.1438
    Daily Pivot Point R2: 1.1489
    Daily Pivot Point R3: 1.1522

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