EUR/USD Technical Analysis: 2018 low here we come – Euro nearing 1.1300 level

• EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
• EUR/USD is dropping and is less than 20 pips away from the 2018 low at 1.1300 figure. This is a very important level to look at and a break below it could lead to a continuation down towards 1.1200 figure.  
• Alternatively, a failure to break 1.1300 figure could lead to a rebound to 1.1350.  

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1350 figure
Resistance 2:   1.1400 figure
Resistance 3:   1.1430 October 9 low
Resistance 4:   1.1463 October 4 low
Resistance 5:   1.1500 figure and October 2 swing low  
Resistance 6:   1.1530 August 23 swing low (key level)

Support 1:   1.1300 current 2018 low
Support 2:   1.1200 figure  
Support 3:   1.1250 figure

Additional key levels at a glance: