- EUR/USD is currently trading in a bear leg below its 50, 100 and 200-period simple moving averages.
- EUR/USD is currently testing last week low at 1.1463, if the market break the downside it can lead to a strong bear breakout to 1.1400.
- As it stands the bears have not gathered enough conviction yet to break below 1.1463, therefore a rebound above the level in the New York session can be on the cards. Resistance to the upside can be seen near 1.1500 and 1.1530.
Spot rate: 1.1476
Relative change: -0.39%
High: 1.1530
Low: 1.1465
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: 1.1400 figure
Support 3: 1.1350 figure