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  • 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