Home EUR/USD Technical Analysis: Euro bear party goes as Euro is less than 25 pips away from the 2018 low
FXStreet News

EUR/USD Technical Analysis: Euro bear party goes as Euro is less than 25 pips away from the 2018 low

  • EUR/USD is trading in a bear trend below the 200-period simple moving average.
  • EUR/USD is continuing to bleed on Friday now less than 25 pips away from the 2018 low. The RSI, MACD indicators keep a bearish bias while the Stochastic is already in the oversold zone.
  • On the flip side, bulls will try to prevent the fall below the 2018 low.  

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1350 figure
Resistance 2:   1.1400 figure
Resistance 3:   1.1430 October 9 low
Resistance 4:   1.1470 Asian high (Nov.7)  
Resistance 5:   1.1500 figure and October 2 swing low  

Support 1:   1.1300 current 2018 low
Support 2:   1.1200 figure
Support 3:   1.1100 figure


Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1323
       Daily change:  -38  pips
       Daily change:  -0.334%
       Daily Open:  1.1361
Trends:
       Daily SMA20:  1.1437
       Daily SMA50:  1.1546
       Daily SMA100:  1.1582
       Daily SMA200:  1.1847
Levels:
       Daily High:  1.1447
       Daily Low:  1.1352
       Weekly High:  1.1456
       Weekly Low:  1.1302
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1388
       Daily Fibonacci 61.8%:  1.1411
       Daily Pivot Point S1:  1.1326
       Daily Pivot Point S2:  1.1291
       Daily Pivot Point S3:  1.1231
       Daily Pivot Point R1:  1.1421
       Daily Pivot Point R2:  1.1482
       Daily Pivot Point R3:  1.1517

 

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.