- Since the European Central Bank announcement EUR/USD has been in a strong bear trend with very small pullbacks.
- As 1.1600 support has been broken, there is not significant support before the 2018 low at 1.5100.
- Resistances are seen at 1.1600 figure and 1.1650 June 5 low.
Spot rate: 1.1583
Relative change: -1.77%
Resistance 1: 1.1600 figure
Resistance 2: 1.1650 June 5 low
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1775 supply/demand level
Support 1: 1.1550 figure
Support 2: 1.1510, 2018 low
Support 3: 1.1420, daily 200-period simple moving average
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