EUR/USD Technical Analysis: Euro gets 30-pip boost from Germany’s Seehofer comments on immigration

• EUR/USD is getting a 30-pip boost on the back of comments Germany’s Seehofer on immigration.  
• Germany’s Seehofer: We have a clear solution to stopping illegal immigration at the German-Austrian border.
• EUR/USD reached the 1.1672 June 27 high on the news, however, any advance can be capped by the resistance level since the trend is bearish.

EUR/USD 15-minute chart  

Spot rate:              1.1637
Relative change:   -0.45%  
High:                     1.1692
Low:                      1.1591

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