EUR/USD is trading in a bear trend below the 200-period simple moving average. The US Gross Domestic Product for the third quarter earlier came better than expected at 3.5% versus 3.3% forecast. EUR/USD remains weak but the oversold condition can lead to a bounce up. Bulls would need a break above 1.1400 on a daily closing basis to confirm a bullish reversal. Meanwhile, 1.1300 (2018 low) is the targets for bears. EUR/USD 4-hour chart Spot rate: 1.1376 Relative change: 0.01% High: 1.1389 Low: 1.1335 Main trend: Bearish Resistance 1: 1.1400 figure Resistance 2: 1.1430 October 9 low Resistance 3: 1.1463 October 4 low Resistance 4: 1.1463 October 4 low Resistance 5: 1.1500 figure and October 2 swing low Resistance 6: 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 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 EUR/USD erases losses as Wall Street tumbles and US bonds jump FX Street 4 years EUR/USD is trading in a bear trend below the 200-period simple moving average. The US Gross Domestic Product for the third quarter earlier came better than expected at 3.5% versus 3.3% forecast. EUR/USD remains weak but the oversold condition can lead to a bounce up. Bulls would need a break above 1.1400 on a daily closing basis to confirm a bullish reversal. Meanwhile, 1.1300 (2018 low) is the targets for bears. EUR/USD 4-hour chart Spot rate: 1.1376 Relative change: 0.01% High: … 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.
