- EUR/USD is under pressure as it closed Thursday below 1.1530 key level.
- EUR/USD is trading below its 50, 100 and 200-period simple moving averages while the RSI and Stochastics are below 50, all suggesting relative weakness in the currency pair. A bearish continuation would target 1.1400. On the flip side, a significant break above 1.1600 would likely invalidate the current bearish bias.
- Investors are awaiting the US Nonfarm Payrolls report for September at 12:30 GMT which can bring high volatility in the forex market.
Spot rate: 1.1500
Relative change: -0.07%
High: 1.1520
Low: 1.1487
Main trend: Bearish
Resistance 1: 1.1530 August 23 swing low
Resistance 2: 1.1569 Sept. 28 low
Resistance 3: 1.1600 figure
Resistance 4: 1.1630 August 8 high key level
Resistance 5: 1.1654 August 27 high
Support 1: 1.1500 figure and October 2, swing low
Support 2: 1.1491 August 21 low
Support 3: 1.1400 figure
Support 4: 1.1350 figure
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