EUR/USD Technical Analysis: Bulls and bears battling at the key 2018 low as the 1.1300 handle is at stake

• 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: