EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the FOMC this Thursday at 19.00 GMT. EUR/USD enjoyed a rally in the last 5 days of trading and has currently found support at 1.1400 and the 50 SMA. The RSI is turning bearish, the MACD has a bearish crossover and the Stochastic is in negative territories. Bulls tried to break above 1.1430 resistance but this price has not been accepted. A retest of 1.1400 seems to be the path of least resistance at this stage. A break below 1.1400 can lead to a drop to 1.1350 and 1.1300 levels. EUR/USD 4-hour chart Main trend: Bearish Resistance 1: 1.1430 October 9 low Resistance 2: 1.1470 Asian high (Nov.7) Resistance 3: 1.1500 figure and October 2 swing low Resistance 4: 1.1530 August 23 swing low (key level) Resistance 5: 1.1600 figure Support 1: 1.1400 figure Support 2: 1.1350 figure Support 3: 1.1300 current 2018 low Additional key levels at a glance: EUR/USD Overview: Last Price: 1.1426 Daily change: -13 pips Daily change: -0.114% Daily Open: 1.1439 Trends: Daily SMA20: 1.1449 Daily SMA50: 1.1552 Daily SMA100: 1.1584 Daily SMA200: 1.1852 Levels: Daily High: 1.15 Daily Low: 1.1395 Weekly High: 1.1456 Weekly Low: 1.1302 Monthly High: 1.1625 Monthly Low: 1.1302 Daily Fibonacci 38.2%: 1.146 Daily Fibonacci 61.8%: 1.1435 Daily Pivot Point S1: 1.1389 Daily Pivot Point S2: 1.1339 Daily Pivot Point S3: 1.1284 Daily Pivot Point R1: 1.1495 Daily Pivot Point R2: 1.155 Daily Pivot Point R3: 1.16 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. View All Post By FX Street FXStreet News share Read Next Ripple’s XRP Technical Analysis: XRP/USD next support failing to hold could be catastrophic, as chunky sellers pile in FX Street 4 years EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the FOMC this Thursday at 19.00 GMT. EUR/USD enjoyed a rally in the last 5 days of trading and has currently found support at 1.1400 and the 50 SMA. The RSI is turning bearish, the MACD has a bearish crossover and the Stochastic is in negative territories. Bulls tried to break above 1.1430 resistance but this price has not been accepted. A retest of 1.1400 seems to be the path of least resistance at this stage. A break below 1.1400… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
