EUR/USD bears want to re-establish the bear trend of the last months as the EUR/USD is falling through many support levels. EUR/USD is trading below its 50, 100 and 200-period simple moving average as the MACD indicator is in negative territories, suggesting short-term bearish momentum. A break below 1.1530 would be bearish for EUR/USD. Above it, EUR/USD bulls will try to support the market. The RSI and Stochastics are deeply in oversold condition suggesting that bulls might start to slowly show up above 1.1530. EUR/USD 4-hour chart Spot rate: 1.1582 Relative change: -0.50% High: 1.1758 Low: 1.1670 Main trend: Bullish Resistance 1: 1.1600 figure Resistance 2: 1.1630 August 8 high key level Resistance 3: 1.1654 August 27 high Resistance 4: 1.1723 September 24 low Resistance 5: 1.1750 key level (July) Resistance 6: 1.1800 figure Resistance 7: 1.1853 June 14 high Resistance 5: 1.1900 figure Support 1: 1.1572 July 19 low Support 2: 1.1542 supply/demand level Support 3: 1.1530 August 23 swing low Support 4: 1.1508 June 8 low 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 USD/CAD hammered down below 1.30 handle on upbeat Canadian GDP FX Street 4 years EUR/USD bears want to re-establish the bear trend of the last months as the EUR/USD is falling through many support levels. EUR/USD is trading below its 50, 100 and 200-period simple moving average as the MACD indicator is in negative territories, suggesting short-term bearish momentum. A break below 1.1530 would be bearish for EUR/USD. Above it, EUR/USD bulls will try to support the market. The RSI and Stochastics are deeply in oversold condition suggesting that bulls might start to slowly show up above 1.1530. EUR/USD 4-hour chart Spot rate: 1.1582 Relative change: -0.50%… 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.
