- 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.
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
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