EUR/USD Technical Analysis: Euro losing grip of the 1.1400 figure post-FOMC statement


  • EUR/USD is trading in a bear trend below the 200-period simple moving average as the FOMC statement has been released.
  • EUR/USD broke below the 1.1400 figure and the 50 SMA which can lead to a drop to 1.1350 and 1.1300 levels in the coming sessions. 
  • The 1.1400 figure becomes the new main resistance level. 

EUR/USD 4-hour chart

Main trend:             Bearish

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

Support 1:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure


Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1372
    Daily change: -67 pips
    Daily change: -0.586%
    Daily Open: 1.1439
Trends:
    Daily SMA20: 1.1449
    Daily SMA50: 1.1552
    Daily SMA100: 1.1584
    Daily SMA200: 1.1852
Levels:
    Daily High: 1.15
    Daily Low: 1.1395
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.146
    Daily Fibonacci 61.8%: 1.1435
    Daily Pivot Point S1: 1.1389
    Daily Pivot Point S2: 1.1339
    Daily Pivot Point S3: 1.1284
    Daily Pivot Point R1: 1.1495
    Daily Pivot Point R2: 1.155
    Daily Pivot Point R3: 1.16

 

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