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  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart; however, bulls made a substantial advance this Thursday as they printed the best daily advance since September.
  • EUR/USD closed above the 1.1400 figure and the 50 SMA suggesting potential bullish continuation in the coming sessions.  
  • Targets to the upside are likely located near 1.1430 (October 9 low), 1.1463 (October 4 low) and 1.1500 figure and October 2 swing low.    

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1400 figure
Resistance 2:   1.1430 October 9 low
Resistance 3:   1.1463 October 4 low
Resistance 4:   1.1500 figure and October 2 swing low  
Resistance 5:   1.1530 August 23 swing low (key level)

Support 1:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1405
       Daily change:  93  pips
       Daily change:  0.822%
       Daily Open:  1.1312
Trends:
       Daily SMA20:  1.1472
       Daily SMA50:  1.1575
       Daily SMA100:  1.1593
       Daily SMA200:  1.1876
Levels:
       Daily High:  1.1362
       Daily Low:  1.1302
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1325
       Daily Fibonacci 61.8%:  1.1339
       Daily Pivot Point S1:  1.1289
       Daily Pivot Point S2:  1.1266
       Daily Pivot Point S3:  1.1229
       Daily Pivot Point R1:  1.1348
       Daily Pivot Point R2:  1.1385
       Daily Pivot Point R3:  1.1408