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  • Bearish momentum and bias remain intact, short and long-term.  
  • Recovery from 1-year lows capped by 1.1430/35 area that is the immediate resistance
  • Ahead of the Asian session, a decline below 1.1380 would expose 1.1360/65 (Aug 13 low). Under 1.1360 an acceleration to the downside seems likely. Next strong support is seen at 1.1280/85.  

EUR/USD 15-minutes chart

EUR/USD

EUR/USD 4-hour chart

EUR/USD

Spot rate:               1.1394
High:                     1.1432
Low:                      1.1364

Trend:                  Bearish

Resistance 1:        1.1435
Resistance 2:        1.1485
Resistance 3:        1.1510      

Support 1:             1.1385
Support 2:             1.1360
Support 3:             1.1330
Support 4:             1.1285