- EUR/USD broke below the 1.1600 figure and is now less than 50 pips away from 1.1560, the June 14 low.
- Resistances are now seen in the 1.1600-1.1613 area, figure and last week’s low while targets to the downside might be located near 1.1560 and then all the way down to the 2018 low at 1.1508.
EUR/USD 15-minute chart
Spot rate: 1.1586
Relative change: -0.45%
High: 1.1657
Low: 1.1574
Trend: Bearish
Resistance 1: 1.1600-1.1613 figure and last week’s 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 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 6: 1.1790 last week’s high
Resistance 7: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1560 June 14 low
Support 2: 1.1508 current 2018 low
Support 3: 1.1400 figure
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