- EUR/USD has gained a little less than 20 pips so far on Tuesday as it found some resistance at the 1.1672 June 27 high.
- EUR/USD bull will need to breakout above 1.1672 June 27 high in order to reach 1.1700 and the 1.1730, the 23.6% Fibonacci retracement from the mid-April-May bear move.
- A failure to breakout above 1.1672 can lead to a rotation down towards 1.1640 supply/demand level and 1.1600 figure.
EUR/USD 15-minute chart
Spot rate: 1.1647
Relative change: 0.07%
High: 1.1674
Low: 1.1620
Trend: Bearish
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1800 figure
Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 last week’s low
Support 5: 1.1508 current 2018 low
Share
