- EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- EUR/USD bulls got a strong boost on the back of the US mid-term elections as buyers are challenging the 1.1500 figure. The momentum has switched to bullish with the RSI and MACD indicators in positive territories.
- However, the Stochastic indicator is in the overbought zone suggesting a potential pullback down in the New York session with 1.1456 and 1.1430 as targets.
EUR/USD 4-hour chart
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: 1.1600 figure
Support 1: 1.1456 November 5 high
Support 2: 1.1430 October 9 low
Support 3: 1.1400 figure
Support 4: 1.1350 figure
Support 5: 1.1300 current 2018 low
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1487
Daily change: 69 pips
Daily change: 0.604%
Daily Open: 1.1418
Trends:
Daily SMA20: 1.1453
Daily SMA50: 1.1557
Daily SMA100: 1.1586
Daily SMA200: 1.1857
Levels:
Daily High: 1.1438
Daily Low: 1.1392
Weekly High: 1.1456
Weekly Low: 1.1302
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.142
Daily Fibonacci 61.8%: 1.1409
Daily Pivot Point S1: 1.1394
Daily Pivot Point S2: 1.1369
Daily Pivot Point S3: 1.1347
Daily Pivot Point R1: 1.144
Daily Pivot Point R2: 1.1462
Daily Pivot Point R3: 1.1487