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  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
  • EUR/USD bullish enthusiasm got tamed by the better than anticipated Nonfarm Payrolls numbers for October which came in at 250K vs. 190K forecast.  
  • EUR/USD is set to remain under bearish pressure for the remainder of the London session as bears will try to reach 1.1390-1.1400 zone.  

EUR/USD 4-hour chart

Main trend:             Bearish

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

Support 1:   1.1400 figure
Support 2:   1.1350 figure
Support 3:   1.1300 current 2018 low
Support 4:   1.1200 figure  

 

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1417
       Daily change:  9.0  pips
       Daily change:  0.0789%
       Daily Open:  1.1408
Trends:
       Daily SMA20:  1.1467
       Daily SMA50:  1.1573
       Daily SMA100:  1.1592
       Daily SMA200:  1.1872
Levels:
       Daily High:  1.1425
       Daily Low:  1.1307
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.138
       Daily Fibonacci 61.8%:  1.1352
       Daily Pivot Point S1:  1.1335
       Daily Pivot Point S2:  1.1263
       Daily Pivot Point S3:  1.1218
       Daily Pivot Point R1:  1.1453
       Daily Pivot Point R2:  1.1498
       Daily Pivot Point R3:  1.1571