EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. EUR/USD bears drove the market near the 1.1300 level which is the 2018 low. Their objective is to break below the level on a daily closing basis in order to extend the downtrend. The bias is bearish but will the bears have enough strength to push the market to new yearly low this Wednesday? On the flip side, bulls are trying to support the market in order to prevent the collapse below the 1.1300 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: 1.1309 Daily change: -35 pips Daily change: -0.309% 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 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fitch affirms Mexico at ‘BBB+’; revises outlook to Negative FX Street 4 years EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. EUR/USD bears drove the market near the 1.1300 level which is the 2018 low. Their objective is to break below the level on a daily closing basis in order to extend the downtrend. The bias is bearish but will the bears have enough strength to push the market to new yearly low this Wednesday? On the flip side, bulls are trying to support the market in order to prevent the collapse below the 1.1300 figure. EUR/USD 4-hour chart Main trend: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
