- EUR/USD is about to close the day and the week near its low. Bears managed to keep the market below the 1.1600 level and the 200-period simple moving average.
- Bears will need to break below 1.1560 in order to extend the bear trend while bulls need to regain the 1.1600-1.1613 in order to create a bull reversal.
- Bears next objectives are likely located near the 1.1527 June 26 low and 1.1508 current 2018 low.
EUR/USD 15-minute chart
Spot rate: 1.1568
Relative change: -0.14%
High: 1.1611
Low: 1.1560
Trend: Bearish
Resistance 1: 1.1600-1.1613 figure and July 13 low
Resistance 2: 1.1640-1.1649 area, key level and July 12 low
Resistance 3: 1.1672 June 27 high
Resistance 4: 1.1700 figure
Resistance 5: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, figure.
Resistance 6: 1.1760-1.1795 supply levels
Resistance 7: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1560 August 3 low
Support 2: 1.1527 June 26 low
Support 3: 1.1508 current 2018 low
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