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 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 Trading the US Election: Dollar bias is to the downside – TDS FX Street 4 years 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: … 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.
