- EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- EUR/USD has dipped below the 1.1400 figure as the pair rejected the 100 SMA earlier in the day.
- Bulls might try to regain 1.1400 in the coming hours. However, failure to do so can open the door to further losses towards the 1.1350 level.
EUR/USD 4-hour chart
Main trend: Bearish
Resistance 1: 1.1400 figure
Resistance 1: 1.1430 October 9 low
Resistance 2: 1.1463 October 4 low
Resistance 3: 1.1500 figure and October 2 swing low
Resistance 4: 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: