EUR/USD bears are taking over the market as EUR/USD closed on Wednesday below the key 1.1530 support level. EUR/USD is currently testing the 1.1500 round figure and October 2 swing low. EUR/USD is trading below its main simple moving averages (SMA) while the RSI, MACD and Stochastics are in negative territories, suggesting a strong bearish bias. If EUR/USD remains capped below 1.1500-1.1530 it can open the gates to further losses towards 1.1400 figure. EUR/USD 4-hour chart Spot rate: 1.1500 Relative change: 0.20% High: 1.1510 Low: 1.1463 Main trend: Bearish Resistance 1: 1.1500 figure and October 2, swing low Resistance 2: 1.1530 August 23 swing low Resistance 3: 1.1569 Sept. 28 low Resistance 4: 1.1600 figure Resistance 5: 1.1630 August 8 high key level Resistance 6: 1.1654 August 27 high Support 1: 1.1491 August 21 low Support 2: 1.1400 figure Support 3: 1.1350 figure 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 USD/CAD stays in daily range above 1.2850 FX Street 4 years EUR/USD bears are taking over the market as EUR/USD closed on Wednesday below the key 1.1530 support level. EUR/USD is currently testing the 1.1500 round figure and October 2 swing low. EUR/USD is trading below its main simple moving averages (SMA) while the RSI, MACD and Stochastics are in negative territories, suggesting a strong bearish bias. If EUR/USD remains capped below 1.1500-1.1530 it can open the gates to further losses towards 1.1400 figure. EUR/USD 4-hour chart Spot rate: 1.1500 Relative change: 0.20% High: … 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.
