- EUR/USD has broken with strength below the 1.1672 support as EUR/USD bulls have now given up on the 1.1700 level.
- The next targets to the downside are located near the 1.1640-1.1649 area, key level and July 12 low as well as 1.1613 last week’s low.
- Near-term resistances are seen near 1.1672 and 1.1700 figure.
EUR/USD 15-minute chart
Spot rate: 1.1657
Relative change: -0.47%
High: 1.1745
Low: 1.1655
Trend: Bearish
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 4: 1.1790 last week’s high
Resistance 5: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1640-1.1649 area, key level and July 12 low
Support 2: 1.1613 last week’s low
Support 3: 1.1600 figure
Support 4: 1.1560 June 14 low
Support 5: 1.1508 current 2018 low
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