EUR/USD Technical Analysis: EUR/USD turning lower - Bears eyeing 1.1500 level

• EUR/USD is resuming the main bear trend as the market did not break above 1.1628 key level. 
• EUR/USD is now trading below its 50, 100 and 200-period simple moving averages and below Wednesday’s low, creating lower lows and lower highs suggesting a bearish bias. Main downside targets are located at 1.1500 and 1.1430 August 14 high. 
• A bull breakout above 1.1628 would invalidate the bearish bias.

EUR/USD 15-minute chart 

Spot rate:             1.1547
Relative change:  -0.45%  
High:                    1.1600
Low:                     1.1530

Main trend:                  Bearish below 1.1628

Resistance 1:  1.1542 supply/demand level
Resistance 2:  1.1572 July 19 low
Resistance 3:  1.1628 August 8 high
Resistance 4:  1.1667 August 2 high
Resistance 5:  1.1750 supply level

Support 1:   1.1500 figure
Support 2:   1.1483 intraday swing high (August 10)
Support 3:   1.1445 last week high
Support 4:   1.1430 August 14 high