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  • 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