EUR/USD Technical Analysis:  Euro breaks to new 2018 low at 1.1606

• EUR/USD reaches a new 2018 low at 1.1606 on Monday.
• EUR/USD market retracing the recent sell-climax, watch for reaction at  1.1645 next resistance.  

EUR/USD 15-minute chart

Spot rate:                      1.1628
Relative change:         -0.16%      
High:                             1.1730
Low:                              1.1606

Trend:                           Bearish

Support 1:              1.1606 low of Monday  
Support 2:              1.1600 psychological figure
Support 3:              1.1553 swing low established on November 11, 2017

Resistance 1:        1.1645 Friday’s low  
Resistance 2:        1.1680 Monday’s open, bulls want to fill the gap.  
Resistance 3:        1.1700 psychological figure
Resistance 4:        1.1830 swing high, May 22