- EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the FOMC this Thursday at 19.00 GMT.
- EUR/USD has been advancing in the last 5 days of trading and has currently found support above 1.1400 and the 50 SMA. The RSI is neutral, the MACD has a bearish crossover and the Stochastic is in negative territories.
- In order to reclaim some ground, bulls will need to overcome the 1.1430 resistance. A break of the level can lead to an acceleration to 1.1450 and 1.1470, Asian high (Nov.7). Alternatively, a break below 1.1400 can lead to a drop to 1.1350 and 1.1300 levels.
EUR/USD 4-hour chart
Main trend: Bearish
Resistance 1: 1.1430 October 9 low
Resistance 2: 1.1470 Asian high (Nov.7)
Resistance 3: 1.1500 figure and October 2 swing low
Resistance 4: 1.1530 August 23 swing low (key level)
Resistance 5: 1.1600 figure
Support 1: 1.1400 figure
Support 2: 1.1350 figure
Support 3: 1.1300 current 2018 low
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1427
Daily change: -12 pips
Daily change: -0.105%
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
Source: https://www.fxstreet.com/news/eur-usd-t ... 1811081406
