- EUR/USD is attempting to resume the main bear trend by rotating below 1.1750 key resistance level.
- EUR/USD almost reached the key level of 1.1628. A breach below the level should open the gates to 1.1528 swing low. EUR/USD broke below the bull trendline and the RSI, Stochastics and MACD indicators are all bearish, suggesting that the risk is skewed to the downside.
- A bull breakout above 1.1750 would invalidate the bearish bias.
Spot rate: 1.1640
Relative change: -0.27%
High: 1.1691
Low: 1.1633
Main trend: Bearish below 1.1750
Resistance 1: 1.1654 August 27 high, Asia high
Resistance 2: 1.1662 swing low
Resistance 3: 1.1700 figure
Resistance 4: 1.1750 supply level
Resistance 5: 1.1800 figure
Resistance 6: 1.1850 June 14 swing high
Support 1: 1.1628 August 8 high key level
Support 2: 1.1600 figure
Support 3: 1.1572 July 19 low
Support 4: 1.1542 supply/demand level
Support 5: 1.1530 swing low
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