EUR/USD: Reaching the support 1.190, the bears is still on

Thang Le Independent Analyst

Resistance/support analysis

The resistances are 1.198 and 1.209.

The supports are 1.178 and 1.170.

Moving average analysis

On the daily chart, both the EMA20/SMA50 are above the SMA200, showing bullish signal.

On the 4-hour chart, both the EMA20/SMA50 crossed the SMA200 and went down, showing bearish trend. In the mid-term, the bears is dominating this chart.

On the 1-hour chart, both the EMA20/SMA50 make a significant distance from the SMA200.

RSI analysis

On the daily chart, the RSI indicator shows a bearish signal which stops at 38.46. This means EUR/USD is on the bearish side.

Author

Thang Le

Independent Analyst

Thang Le is founder and owner of PSK - a financial community in Vietnam which at: Advising on strategic investment for individuals; Supporting the development of the investment community. He is Financial Analyst at Lion Group Hol

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