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. 

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

 

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