EUR/USD Technical Analysis: Euro hugging October lows as bears target the 2018 low
- EUR/USD is trading in a bear trend below the 200-period simple moving average.
- EUR/USD is trading near October low below the 1.1400 figure and all its main simple moving averages. The RSI, MACD and Stochastic suggest more weakness ahead with a potential drop to 1.1300, the current 2018 low.
- Key resistances to the upside are seen near 1.1400 and 1.1430 levels.
EUR/USD 4-hour chart
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Main trend: Bearish
Resistance 1: 1.1400 figure
Resistance 2: 1.1430 October 9 low
Resistance 4: 1.1463 October 4 low
Resistance 5: 1.1500 figure and October 2 swing low
Resistance 6: 1.1530 August 23 swing low (key level)
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: 1.1348
Daily change: -25 pips
Daily change: -0.220%
Daily Open: 1.1373
Trends:
Daily SMA20: 1.1491
Daily SMA50: 1.1586
Daily SMA100: 1.1602
Daily SMA200: 1.1885
Levels:
Daily High: 1.1418
Daily Low: 1.1361
Weekly High: 1.1551
Weekly Low: 1.1336
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1382
Daily Fibonacci 61.8%: 1.1396
Daily Pivot Point S1: 1.135
Daily Pivot Point S2: 1.1327
Daily Pivot Point S3: 1.1293
Daily Pivot Point R1: 1.1407
Daily Pivot Point R2: 1.144
Daily Pivot Point R3: 1.1463