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  • The Euro marked in another 14-month low against the US Dollar in Wednesday’s early Asia trading session.
  • A thin calendar for the Euro today sees directional bias in the hands of USD traders with US Retail Sales figures in the pipe.
  • A fafilure  by EUR bulls to regain their footing in the EUR/USD could see major new lows reached after a break of 1.13.

EUR/USD Chart, 15-Minute

Spot rate:   1.1323
Relative change:   -0.18%
High:   1.1350
Low:   1.1316
   
Trend:   Bearish
   
Support 1:   1.1316 (currrent low; major technical bottom)
Support 2:   1.1300 (major technical level)
Support 3:   1.1235 (S2 weekly pivot)
   
Resistance 1:   1.1432 (current week high)
Resistance 2:   1.1508 (61.8% Fibo retracement level)
Resistance 3:   1.1627 (previous week high)