- EUR/USD bears want to re-establish the main bear trend of the last months but they need a break below 1.1530 key support level.
- EUR/USD found support near 1.1570 and the bulls are currently challenging the 1.1630 resistance level and the 200-period simple moving average. The RSI and Stochastics are gaining bullish traction while the MACD is slightly decelerating.
- A break above 1.1630 should open the door to 1.1700 figure.
EUR/USD 4-hour chart
Spot rate: 1.1623
Relative change: -0.14%
High: 1.1652
Low: 1.1569
Main trend: Bullish
Resistance 1: 1.1600 figure
Resistance 2: 1.1630 August 8 high key level
Resistance 3: 1.1654 August 27 high
Resistance 4: 1.1723 September 24 low
Resistance 5: 1.1750 key level (July)
Resistance 6: 1.1800 figure
Resistance 7: 1.1853 June 14 high
Resistance 5: 1.1900 figure
Support 1: 1.1600 figure
Support 2: 1.1572 July 19 low
Support 3: 1.1542 supply/demand level
Support 4: 1.1530 August 23 swing low
Support 5: 1.1508 June 8 low