Search ForexCrunch
  • EUR/USD is near 1.1530 key support level as bear are challenging the bull trend.
  • EUR/USD is trading below the 50, 100 and 200-period simple moving averages while it is just hanging above 1.1530 support. The RSI, MACD and Stochastics indicators are slightly negative, all suggesting bearish momentum for the near-future. Bulls will try to support the market above 1.1530 support.
  • However, a meaningful bear breakout below 1.1500-1.1530 and a daily close below the levels could put the bull trend to an end.  
     

EUR/USD 4-hour chart  

Spot rate:             1.1536
Relative change:  -0.10%  
High:                    1.1594
Low:                     1.1530

Main trend:                    Bullish
Short-term trend:           Bearish below 1.1530

Resistance 1:   1.1569 Sept. 28 low
Resistance 2:   1.1600 figure
Resistance 3:   1.1630 August 8 high key level
Resistance 4:   1.1654 August 27 high
Resistance 5:   1.1723 September 24 low
Resistance 6:   1.1750 key level (July)
Resistance 7:   1.1800 figure
Resistance 8:   1.1853 June 14 high
Resistance 9:   1.1900 figure

Support 1:   1.1542 supply/demand level
Support 2:   1.1530 August 23 swing low
Support 3:   1.1500 figure
Support 4:   1.1491 August 21 low  
Support 5:   1.1400 figure