EUR/USD Technical Analysis: EUR/USD breaks to a new 2018 low - 1.1300 is next

EUR/USD is resuming the bear trend by breaking to a new 2018 low.
EUR/USD bears are now looking at the 1.3000 figure and 1.1178 June 27, 2017 low. The bear momentum is strong as they are in full control. 1.1300 target seems to be inevitable.
Resistances become now 1.1365 and 1.1432 supply/demand level.

Flavio Tosti Independent Analyst

EUR/USD 15-minute chart

EUR/USD daily chart

Spot rate: 1.1345
Relative change: -0.55%
High: 1.1430
Low: 1.1345

Trend: Bearish

Resistance 1: 1.1365 August 13 low
Resistance 2: 1.1432 supply/demand level
Resistance 3: 1.1483 intraday swing high (August 10)
Resistance 4: 1.1508 June 8 low
Resistance 5: 1.1527 June 28 low
Resistance 6: 1.1571-1.1581 area, August 6 high and August 2 low
Resistance 7: 1.1600-1.1620 area, figure and July 27 low
Resistance 8: 1.1640-1.1649 area, key level and July 12 low
Resistance 9: 1.1672 June 27 high

Support 1: 1.1300 figure
Support 2: 1.2000 figure
Support 3: 1.1178 June 27, 2017 low

Author

Flavio Tosti

Independent Analyst

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