EUR/USD Technical Analysis: Euro set to close below 1.1553 key swing low

• Immediate resistances are seen at the 1.1600 handle and at the 1.1640-1.1650 area with Tuesday’s high and May 25 low.
• EUR/USD is set to close on Tuesday below an important swing low at 1.1553 established on November 7, 2017.
• The 100-period and 200-period simple moving averages (SMA) on the weekly time-frame are located at 1.1411 and at 1.1432 respectively. If the bear trend extends further they can become the next targets in the coming days.

EUR/USD 15-minute chart

Spot rate:                    1.1536
Relative change:       -0.76%      
High:                            1.1640
Low:                             1.1510

Trend:                          Bearish

Support 1:                  1.1510 current Tuesday’s low
Support 2:                  1.1400-1.1430 area, psychological figure, weekly 100 and 200-period SMA  
Support 3:                  1.1312 July 5, 2017 low

Resistance 1:           1.1600 psychological figure and near Monday’s low
Resistance 2:           1.1640-1.1650 area, Tuesday’s high and May 25 low
Resistance 3:           1.1700 psychological figure