EUR/USD Technical Analysis: EUR/USD bears keep the market capped below 1.1500 figure

• EUR/USD bears are taking over the market as EUR/USD closed on Wednesday below the key 1.1530 support level.
• EUR/USD is currently testing the 1.1500 round figure and October 2 swing low.   
• 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. If EUR/USD remains capped below 1.1500-1.1530 it can open the gates to further losses towards 1.1400 figure. 

EUR/USD 4-hour chart

Spot rate:             1.1500
Relative change:   0.20%  
High:                    1.1510
Low:                     1.1463

Main trend:         Bearish

Resistance 1:   1.1500 figure and October 2, swing low 
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