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  • The Euro fell into new lows on Thursday after the ECB pulled the plug on expectations of any rate hikes before September of 2019.
  • Asia session  bulls are looking to roll the pair over into a bullish push heading into Friday, but a resurgence of sellers will see the pair dropping into the week’s end.
  • Thin data ahead for the European market session sees US GDP figures due later in the driver’s seat for the major pair.

EUR/USD Chart, 15-Minute

Spot rate:   1.1649
Relative change:   0.07%
High:   1.1654
Low: 1.1637
Trend:   Bearish to flat
Support 1:   1.1637 (current week low)
Support 2:   1.1574 (previous week low)  
Support 3:   1.1503 (S3 daily pivot)
Resistance 1:   1.1700 (major technical level)
Resistance 2:   1.1731 (61.8% Fibo retracement level)
Resistance 3:   1.1750 (current week high)