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  • EUR/USD bear trend is finding some short-term support at 1.1300 figure.  
  • EUR/USD bear trend is likely to take a breather above 1.1300 strong psychological level as bears are taking some profits and counter-trend traders are entering the market.
  • Targets to the upside are located near 1.1347, 1.1365 and 1.1432 supply/demand level. Counter-trend trades are riskier since a bear breakout below 1.1300 would invalidate the short-term bullish bias.    

EUR/USD 15-minute chart

Spot rate:             1.1328
Relative change:   -0.14%  
High:                    1.1351
Low:                     1.1300

Trend:                  Bearish  

Resistance 1:  1.1347 intraday swing high (August 15)
Resistance 2:  1.1365 August 13 low
Resistance 3:  1.1432 supply/demand level

Support 1:  1.1300 figure  
Support 2:  1.1250 May 24, 2017 high
Support 3:  1.1178 June 27, 2017 low