EUR/USD Technical Analysis: Euro under bearish pressure below 1.1430 following better than expected NFP data

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. 
  • EUR/USD bullish enthusiasm got tamed by the better than anticipated Nonfarm Payrolls numbers for October which came in at 250K vs. 190K forecast. 
  • EUR/USD is set to remain under bearish pressure for the remainder of the London session as bears will try to reach 1.1390-1.1400 zone. 

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1463 October 4 low
Resistance 3:   1.1500 figure and October 2 swing low 
Resistance 4:   1.1530 August 23 swing low (key level)

Support 1:   1.1400 figure
Support 2:   1.1350 figure
Support 3:   1.1300 current 2018 low
Support 4:   1.1200 figure  

 

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1417
    Daily change: 9.0 pips
    Daily change: 0.0789%
    Daily Open: 1.1408
Trends:
    Daily SMA20: 1.1467
    Daily SMA50: 1.1573
    Daily SMA100: 1.1592
    Daily SMA200: 1.1872
Levels:
    Daily High: 1.1425
    Daily Low: 1.1307
    Weekly High: 1.1551
    Weekly Low: 1.1336
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.138
    Daily Fibonacci 61.8%: 1.1352
    Daily Pivot Point S1: 1.1335
    Daily Pivot Point S2: 1.1263
    Daily Pivot Point S3: 1.1218
    Daily Pivot Point R1: 1.1453
    Daily Pivot Point R2: 1.1498
    Daily Pivot Point R3: 1.1571

 

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