EUR/USD Technical Analysis: EUR/USD bears print a new 2018 low
|- EUR/USD almost reached the 1.1300 earlier in Europe as EUR/USD hits a new 2018 low yet again.
- EUR/USD bears objective is to breakout below 1.13000 in order to target 1.1250 May 24, 2017 high and 1.1178 June 27, 2017 low.
- On the flip side bulls will try to break above 1.1347, intraday swing high in order to target 1.1365 August 13 low and 1.1432 supply/demand level. Bears keep the advantage as long as they keep the market below the 1.1347-1.1365 area and the 200-period simple moving average on the 15-minute chart.
EUR/USD 15-minute chart
EUR/USD daily chart
Spot rate: 1.1329
Relative change: -0.14%
High: 1.1351
Low: 1.1308
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
Resistance 4: 1.1483 intraday swing high (August 10)
Resistance 5: 1.1508 June 8 low
Resistance 6: 1.1527 June 28 low
Resistance 7: 1.1571-1.1581 area, August 6 high and August 2 low
Resistance 8: 1.1600-1.1620 area, figure and July 27 low
Resistance 9: 1.1640-1.1649 area, key level and July 12 low
Resistance 10: 1.1672 June 27 high
Support 1: 1.1300 figure
Support 2: 1.1250 May 24, 2017 high
Support 3: 1.1178 June 27, 2017 low
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