EUR/USD Technical Analysis: Euro bear party goes as Euro is less than 25 pips away from the 2018 low

EUR/USD is trading in a bear trend below the 200-period simple moving average.
EUR/USD is continuing to bleed on Friday now less than 25 pips away from the 2018 low. The RSI, MACD indicators keep a bearish bias while the Stochastic is already in the oversold zone.
On the flip side, bulls will try to prevent the fall below the 2018 low.

Flavio Tosti Independent Analyst

EUR/USD 4-hour chart

Main trend: Bearish

Resistance 1: 1.1350 figure
Resistance 2: 1.1400 figure
Resistance 3: 1.1430 October 9 low
Resistance 4: 1.1470 Asian high (Nov.7)
Resistance 5: 1.1500 figure and October 2 swing low

Support 1: 1.1300 current 2018 low
Support 2: 1.1200 figure
Support 3: 1.1100 figure

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1323
    Daily change: -38 pips
    Daily change: -0.334%
    Daily Open: 1.1361
Trends:
    Daily SMA20: 1.1437
    Daily SMA50: 1.1546
    Daily SMA100: 1.1582
    Daily SMA200: 1.1847
Levels:
    Daily High: 1.1447
    Daily Low: 1.1352
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1388
    Daily Fibonacci 61.8%: 1.1411
    Daily Pivot Point S1: 1.1326
    Daily Pivot Point S2: 1.1291
    Daily Pivot Point S3: 1.1231
    Daily Pivot Point R1: 1.1421
    Daily Pivot Point R2: 1.1482
    Daily Pivot Point R3: 1.1517

Author

Flavio Tosti

Independent Analyst

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