EUR/USD Technical Analysis: Bears shy away as Euro approaches 2018 low

• EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
• EUR/USD found decent support 9 pips above the 2018 low at 1.1300. The RSI and MACD are in negative territories while the Stochastic indicator is in the oversold zone; confirming the bearish bias. 
• The level to beat is 1.1300 on a daily closing basis which would open the door to fresh 2018 lows. Alternatively, failure to close below 1.1300 can lead to a bounce up to the 1.1350 level and 1.1400 figure. 

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1350 figure
Resistance 2:   1.1400 figure
Resistance 3:   1.1430 October 9 low
Resistance 4:   1.1463 October 4 low
Resistance 5:   1.1500 figure and October 2 swing low 
Resistance 6:   1.1530 August 23 swing low (key level)

Support 1:   1.1300 current 2018 low
Support 2:   1.1200 figure  
Support 3:   1.1250 figure

Additional key levels at a glance: