EUR/USD Technical Analysis: Soft bounce in progress from current lows

The Euro is seeing a mild recovery through Thursday's Asia window after a steady tumble on trade tariffs.
The EUR/USD is still marking in higher lows on H4 candles, but bearish action remains stiff with a lower high on the Dailies.
The Euro is close to the year's lows at the 1.1500 level.

Joshua Gibson FXStreet

EUR/USD Chart, 15-Minute

Spot rate:	1.1684
Relative change:	0.12%
High:	1.1685
Low:	1.1668

Trend:	Bearish

Support 1:	1.1665 (previous day low)
Support 2:	1.1627 (61.8% Fibo retracement level)
Support 3:	1.1590 (previous week low)

Resistance 1:	1.1758 (previous day high)
Resistance 2:	1.1790 (current week high)
Resistance 3:	1.1850 (major technical level; June 14th swing 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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