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

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

  • 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

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

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.