- 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
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