- 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