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  • The EUR is bouncing in Thursday’s Asian session, but the pair remains steeply bearish.
  • The EUR/USD has marked in a new low for 2018 every day for four trading days straight.
  • Thursday’s thin economic calendar sees overall market sentiment in control of the major pair.

EUR/USD Chart, 15-Minute

Spot rate:   1.1385
Relative change:   0.35%
High:   1.1390
Low:   1.1335
   
Trend:   Bearish
   
Support 1:   1.1335 (current day low)
Support 2:   1.1300 (major technical level; current week low)
Support 3:   1.1258 (S3 daily pivot)
   
Resistance 1:   1.1432 (current week high)
Resistance 2:   1.1500 (major technical level)
Resistance 3:   1.1627 (previous week high)