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  • The euro lost a hundred pips during the last 24 hours, falling under a short-term uptrend line and also below the lower limit of the recent range (1.1720).  
  • The EUR/USD pair broke key support levels today and currently is trading around the 20-day moving average. The Momentum indicator in the daily chart is moving south and the price is testing the 20-SMA: a close significantly below would be a bearish signal.  
  • Ahead of the Asian session, the negative tone remains intact and testing the 1.1650. Below that level, a slide to the next support at 1.1630 seems likely. A recovery above 1.1700 could ease the bearish pressure.  
     

EUR/USD 15-minute chart

EUR/USD
Daily high: 1.1756
Daily low: 1.1652

Support Levels

S1: 1.1650
S2: 1.1630
S3: 1.1615

Resistance Levels

R1: 1.1675
R2: 1.1695
R3: 1.1725