EUR/USD Technical Analysis: slips 1.15 as Dollar bulls go on a rampage

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  • The EUR/USD has dropped half a percent for Friday as the Greenback catches heavy bidding at the outset of European market action.
  • The Euro is hitting into 14-month lows as markets go full-reverse into the USD.
  • A sharp pullback on profit-taking could see short positions get a reload to end the day with a sustained push lower.

EUR/USD Chart, 15-Minute

Spot rate:  1.1460
Relative change:  -0.56%
High:  1.1536
Low:  1.1436
   
Trend:  Bearish
   
Support 1:  1.1436 (current low)
Support 2:  1.1400 (major technical level; S3 daily pivot)
Support 3:  1.1317 (S3 weekly pivot)
   
Resistance 1:  1.1536 (current day high)
Resistance 2:  1.1627 (61.8% Fibo retracement level)
Resistance 3:  1.1745 (previous week high)

 

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