EUR/USD Technical Analysis: Euro finally takes the deep dive below 1.1300 figure

• EUR/USD is trading in a bear trend below the 200-period simple moving average.
• EUR/USD broke below 1.1300 figure and reached levels not seen since June 2017. The main bias remains bearish as the RSI and Stochastic indicators are in oversold condition while the MACD keeps a negative reading.  
• Pullback up can be expected and key resistances to the upside are seen near 1.1300 and 1.1350 level.    A continuation of the down move would see bear targets near 1.1240 current November 12 low and 1.1200 figure.  

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1300 figure
Resistance 2:   1.1350 figure
Resistance 3:   1.1400 figure
Resistance 4:   1.1430 October 9 low
Resistance 5:   1.1470 Asian high (Nov.7)  

Support 1:   1.1240 current November 12 low
Support 2:   1.1200 figure
Support 3:   1.1104 June 6, 2017 low

Additional key levels at a glance: