- EUR/USD tested the 1.1850 level and then tanked about 130 pips as the ECB said it would hold rates on hold until mid-2019.
- EUR/USD is back to the 1.1730 key support level which has been containing prices for the last four sessions. The trading range stays in place as long as the market is holding 1.1730 and 1.1850.
- A strong bear breakout is needed below 1.1730 to confirm any bearish bias.
Spot rate: 1.1733
Relative change: -0.51%
Trend: Ranging between 1.1730-1.1850
Resistance 1: 1.1775 supply/demand level
Resistance 2: 1.1800 figure
Resistance 3: 1.1821 current week’s high
Resistance 4: 1.1850 figure
Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low
Support 3: 1.1600 figure
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.