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. EUR/USD 4-hour chart 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 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 Breaking News: USD falls but recovers quickly as the NFP badly disappoints with 134K FX Street 4 years 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. EUR/USD 4-hour chart Spot rate: 1.1500 Relative… 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.
