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

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.

Joshua Gibson FXStreet

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)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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