- EUR/USD bears are in control as EUR/USD closed Wednesday below the key 1.1530 support level.
- EUR/USD has found resistance just below the 1.1550 level. EUR/USD is sliding down below its main simple moving averages (SMA) while the RSI, MACD and Stochastics are in negative territories, suggesting a bearish bias.
- As long as EUR/USD remains capped below 1.1550 the gates are open for a potential drop to 1.1400 figure.
EUR/USD 4-hour chart
EUR/USD
Overview:
Last Price: 1.1505
Daily change: 28 pips
Daily change: 0.244%
Daily Open: 1.1477
Trends:
Daily SMA20: 1.1648
Daily SMA50: 1.1602
Daily SMA100: 1.1643
Daily SMA200: 1.1936
Levels:
Daily High: 1.1594
Daily Low: 1.1464
Weekly High: 1.1816
Weekly Low: 1.157
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1514
Daily Fibonacci 61.8%: 1.1545
Daily Pivot Point S1: 1.143
Daily Pivot Point S2: 1.1382
Daily Pivot Point S3: 1.13
Daily Pivot Point R1: 1.1559
Daily Pivot Point R2: 1.1641
Daily Pivot Point R3: 1.1689
Resistances and Supports
Main trend: Bearish
Resistance 1: 1.1530 August 23 swing low
Resistance 2: 1.1569 Sept. 28 low
Resistance 3: 1.1600 figure
Resistance 4: 1.1630 August 8 high key level
Resistance 5: 1.1654 August 27 high
Support 1: 1.1500 figure and October 2, swing low
Support 2: 1.1491 August 21 low
Support 3: 1.1400 figure
Support 4: 1.1350 figure
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