EUR/USD Technical Analysis: Fiber trading below 1.1430 ahead of the US mid-term elections

• EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the US mid-term elections
• EUR/USD has rejected the 1.1430 level and the 100 SMA creating a long tail on the 4-hour chart candle. The RSI indicator is rather flat and decelerating although still above the 50 line. 
• The path of least resistance favors the bears with a break below 1.1400. On the flip side, if bulls manage to reconquer the 1.1456 on a daily closing basis that could open the gates to 1.1500 figure.

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1456 November 5 high
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 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  

Additional key levels at a glance: