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  • 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