- EUR/USD bears are taking over the market as EUR/USD is now set to close the day below the key 1.1530 support and now trading bleow 1.1500 figure.
- The break below 1.1500 can open the gates to further losses towards 1.1400 figure.
- 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.
EUR/USD 4-hour chart
Spot rate: 1.1486
Relative change: -0.52%
High: 1.1594
Low: 1.1482
Main trend: Bearish
Resistance 1: 1.1500 figure
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