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  • EUR/USD almost reached the 1.1300 earlier in Europe as EUR/USD hits a new 2018 low yet again.
  • EUR/USD bears objective is to breakout below 1.13000 in order to target 1.1250 May 24, 2017 high and 1.1178 June 27, 2017 low.
  • On the flip side bulls will try to break above 1.1347, intraday swing high in order to target 1.1365 August 13 low and 1.1432 supply/demand level. Bears keep the advantage as long as they keep the market below the 1.1347-1.1365 area and the 200-period simple moving average on the 15-minute chart.

EUR/USD 15-minute chart  

EUR/USD daily chart  

Spot rate:             1.1329
Relative change:   -0.14%  
High:                    1.1351
Low:                     1.1308

Trend:                  Bearish  

Resistance 1:  1.1347 intraday swing high (August 15)
Resistance 2:  1.1365 August 13 low
Resistance 3:  1.1432 supply/demand level
Resistance 4:  1.1483 intraday swing high (August 10)
Resistance 5:  1.1508 June 8 low
Resistance 6:  1.1527 June 28 low
Resistance 7:  1.1571-1.1581 area, August 6 high and August 2 low
Resistance 8:  1.1600-1.1620 area, figure and July 27 low
Resistance 9:  1.1640-1.1649 area, key level and July 12 low  
Resistance 10:  1.1672 June 27 high

Support 1:  1.1300 figure  
Support 2:  1.1250 May 24, 2017 high
Support 3:  1.1178 June 27, 2017 low