- EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- EUR/USD retreated from 1.1500 figure to find some support near 1.1430 as the New York session is coming to end. EUR/USD is keeping a mild bullish bias as long as it trades near 1.1430.
- Bulls might try to recapture the 1.1470 (Asian high) but a breakout above 1.1500 seems unlikely. The RSI, MACD and Stochastic indicators are decelerating suggesting a potential move down in the last two days of the week.
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Main trend: Bearish
Resistance 1: 1.1470 Asian high (Nov.7)
Resistance 2: 1.1500 figure and October 2 swing low
Resistance 3: 1.1530 August 23 swing low (key level)
Resistance 4: 1.1600 figure
Support 1: 1.1430 October 9 low
Support 2: 1.1400 figure
Support 3: 1.1350 figure
Support 4: 1.1300 current 2018 low
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1436
Daily change: 18 pips
Daily change: 0.158%
Daily Open: 1.1418
Trends:
Daily SMA20: 1.1453
Daily SMA50: 1.1557
Daily SMA100: 1.1586
Daily SMA200: 1.1857
Levels:
Daily High: 1.1438
Daily Low: 1.1392
Weekly High: 1.1456
Weekly Low: 1.1302
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.142
Daily Fibonacci 61.8%: 1.1409
Daily Pivot Point S1: 1.1394
Daily Pivot Point S2: 1.1369
Daily Pivot Point S3: 1.1347
Daily Pivot Point R1: 1.144
Daily Pivot Point R2: 1.1462
Daily Pivot Point R3: 1.1487
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