EUR/USD Technical Analysis: Euro finds short-term support at 1.1240 as the London session comes to an end

• EUR/USD is trading in a bear trend below the 200-period simple moving average.
• EUR/USD broke below the key 1.1300 figure earlier in the day. The main bias keeps a bearish bias as the RSI and Stochastic indicators are in oversold condition while the MACD is negative.
• EUR/USD has found some short-term support near 1.1240 as the London session came to an end.  All suggesting that a test of 1.1300 can be on the cards.

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1300 figure
Resistance 2:   1.1350 figure
Resistance 3:   1.1400 figure
Resistance 4:   1.1430 October 9 low
Resistance 5:   1.1470 Asian high (Nov.7) 

Support 1:   1.1240 current November 12 low
Support 2:   1.1200 figure
Support 3:   1.1104 June 6, 2017 low

Additional key levels at a glance: