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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 US mid-term elections
  • EUR/USD has rejected the 1.1430 level and the 100 SMA creating a long tail on the 4-hour chart candle. The RSI indicator is rather flat and decelerating although still above the 50 line.  
  • The path of least resistance favors the bears with a break below 1.1400. On the flip side, if bulls manage to reconquer the 1.1456 on a daily closing basis  that could open the gates to 1.1500 figure.

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1456 November 5 high
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 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  


Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1412
       Daily change:  4.0  pips
       Daily change:  0.0351%
       Daily Open:  1.1408
Trends:
       Daily SMA20:  1.1456
       Daily SMA50:  1.1563
       Daily SMA100:  1.1587
       Daily SMA200:  1.1862
Levels:
       Daily High:  1.1424
       Daily Low:  1.1353
       Weekly High:  1.1456
       Weekly Low:  1.1302
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1397
       Daily Fibonacci 61.8%:  1.138
       Daily Pivot Point S1:  1.1366
       Daily Pivot Point S2:  1.1324
       Daily Pivot Point S3:  1.1296
       Daily Pivot Point R1:  1.1437
       Daily Pivot Point R2:  1.1466
       Daily Pivot Point R3:  1.1507