EUR/USD Technical Analysis: Euro finds support at 1.1650

• Bulls are taking a breather as EUR/USD has erased most of the gains made in early European trading.
• Immediate resistance is now at 1.1640-1.1650 area, Tuesday’s high and May 25 low, a breach of the level can send the pair back to the 1.1600 handle.  
• Bulls created a strong reversal on Tuesday and they will need to keep the market above the 1.1510, 2018 low, in order to keep the bear trend from extending.

EUR/USD 15-minute chart

Spot rate:                      1.1669
Relative change:          0.05%      
High:                              1.1725
Low:                               1.1645

Trend:                             Neutral

Support 1:                     1.1640-1.1650 area, Tuesday’s high and May 25 low
Support 2:                     1.1600 figure and near Monday’s low
Support 3:                     1.1510 current week’s low

Resistance 1:                 1.1700 psychological figure
Resistance 2:                1.1830 May 22 high
Resistance 3:                1.1900 figure