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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 found decent support 9 pips above the 2018 low at 1.1300. The RSI and MACD are in negative territories while the Stochastic indicator is in the oversold zone; confirming the bearish bias.  
  • The level to beat is 1.1300 on a daily closing basis which would open the door to fresh 2018 lows. Alternatively, failure to close below 1.1300 can lead to a bounce up to the 1.1350 level and 1.1400 figure.  

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:

EUR/USD

Overview:
       Last Price:  1.1326
       Daily change:  -18  pips
       Daily change:  -0.159%
       Daily Open:  1.1344
Trends:
       Daily SMA20:  1.1481
       Daily SMA50:  1.1581
       Daily SMA100:  1.1598
       Daily SMA200:  1.1881
Levels:
       Daily High:  1.1388
       Daily Low:  1.1338
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1816
       Monthly Low:  1.1526
       Daily Fibonacci 38.2%:  1.1358
       Daily Fibonacci 61.8%:  1.1369
       Daily Pivot Point S1:  1.1326
       Daily Pivot Point S2:  1.1307
       Daily Pivot Point S3:  1.1276
       Daily Pivot Point R1:  1.1376
       Daily Pivot Point R2:  1.1407
       Daily Pivot Point R3:  1.1426