EURUSD Analysis

Euro-dollar technical analysis: trying to hold steady at the key support level of 1.1530 (4 hours chart);

1)EUR/USD is at the key support level of 1.1530, as the bears want to effectively break below this level to resume the downtrend; the current exchange rate is at 50,100 and Below the 200 moving average, but the moving average is relatively flat, there is no crossover, indicating a neutral bias; MACD bearish, but RSI and Stochastic are in the oversold area, showing a divergence from the current exchange rate, which is a potential bullish signal;
bears are still strong
2)The short-selling target is to fall sharply below 1.1530; in the absence of such a market, the bulls will try to hold steady around 1.1530;
short-term trend: bearish below 1.1569; resistance: 1.1569 (September 28 low), 1.1600 and 1.1630; support levels: 1.1542, 1.1530 and 1.1491

source : fx678