- EUR/USD is evolving in a bear leg below its 50, 100 and 200-period simple moving average.
- EUR/USD is forming a reverse head-and-shoulders pattern. If bulls manage to break 1.1530 key level the next objective becomes 1.1569 (Sept. 28 low) and 1.1600 figure in the coming sessions.
- However, a sustained bear breakout below 1.1430 (October 9 low) would invalidate the current bullish bias.
Spot rate: 1.1492
Relative change: 0.00%
High: 1.1515
Low: 1.1479
Main trend: Bearish
Resistance 1: 1.1500 figure and October 2 swing low
Resistance 2: 1.1530 August 23 swing low
Resistance 3: 1.1569 Sept. 28 low
Resistance 4: 1.1600 figure
Resistance 5: 1.1630 August 8 high key level
Resistance 6: 1.1654 August 27 high
Support 1: 1.1463 October 4 low
Support 2: 1.1430 October 9 low
Support 3: 1.1400 figure
Support 4: 1.1350 figure
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