- EUR/USD tried to breakout above 1.1720 twice on Tuesday but bulls got out of ammunitions and EUR/USD fell back below 1.1700 figure.
- EUR/USD is back in equilibrium with an advantage for bears this time as the market formed an intraday double top and broked below 1.1700.
- A bear breakout below 1.1672 and the current intraday low at 1.1654 would add selling pressure to the already predominant bear trend.
EUR/USD 15-minute chart
Spot rate: 1.1680
Relative change: -0.10%
High: 1.1717
Low: 1.1654
Trend: Bearish
Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement mid-April-May bear move, key level.
Resistance 2: 1.1760-1.1795 supply level
Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1672-1.1700 June 27 high and figure
Support 2: 1.1640-1.1649 area, key level and July 12 low
Support 3: 1.1600-1.1613 figure and July 13 low
Support 4: 1.1560 June 14 low
Support 5: 1.1508 current 2018 low
Support 6: 1.1400 figure
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