- EUR/USD is in a bear trend below the 200-period simple moving average.
- EUR/USD is currently trading just below the 1.1500 figure after the market found some support at last week low.
- EUR/USD is likely going to remain under bearish pressure below 1.1500 figure. However, a break above 1.1500 could open the doors to 1.1530 (August 23 swing low, key level).
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Spot rate: 1.1478
Relative change: 0.23%
High: 1.1494
Low: 1.1433
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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