EUR/USD Technical Analysis: EUR/USD falling below 1.1500 figure

• EUR/USD bears are taking over the market as EUR/USD is now set to close the day below the key 1.1530 support and now trading bleow 1.1500 figure.
• The break below 1.1500 can open the gates to further losses towards 1.1400 figure. 
• EUR/USD is trading below its main simple moving averages (SMA) while the RSI, MACD and Stochastics are in negative territories, suggesting a strong bearish bias. 

EUR/USD 4-hour chart

Spot rate:             1.1486
Relative change:  -0.52%  
High:                    1.1594
Low:                     1.1482

Main trend:         Bearish

Resistance 1:   1.1500 figure
Resistance 2:   1.1530 August 23 swing low
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:   1.1491 August 21 low 
Support 2:   1.1400 figure
Support 3:   1.1350 figure