EUR/USD Technical Analysis: Euro falls to 1.1460 en route to October lows
|- EUR/USD is in a bear trend below the 200-period simple moving average.
- EUR/USD is testing the 1.1463 support (October 4 low). A break below would open the gates to further losses to 1.1430 (October 9 low) and 1.1400 figure. The RSI, MACD and Stochastic are set up for more bearish pressure ahead.
- A move above 1.1530 would be a warning sign for bears.
EUR/USD 4-hour chart
Spot rate: 1.1460
Relative change: -0.34%
High: 1.1528
Low: 1.1459
Main trend: Bearish
Resistance 1: 1.1500 figure and October 2 swing low
Resistance 2: 1.1530 August 23 swing low (key level)
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
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