EUR/USD Technical Analysis: Euro breaks to daily lows in 1.1670 region

• EUR/USD was unable to break above the 100-period simple average (4-hour) in the last two sessions. 
• Euro bulls tried to break above the weekly high at 1.1745 in early European trade but failed to materialize any sustained momentum.
• If the market breaks below 1.1658 (Monday’s low), sellers can try to bring the currency pair back to the 1.1600 region which is the 61.8% Fibonacci retracement from the May 29-June 4 high move up.
• Overall, EUR/USD directionality remains uncertain as the pair is trading in a tight range between 1.1650 and 1.1745. 
• Mexico deiced to retaliate the US-led tariffs action imposing tariffs on US agricultural products. 

EUR/USD 15-minute chart

Spot rate:                     1.1672
Relative change:         -0.23%     
High:                             1.1717
Low:                              1.1662

Trend:                            Neutral

Support 1:                    1.1650 last week key support
Support 2:                    1.1600 figure and 61% Fibonacci retracement (May 29-June 4)
Support 3:                    1.1510 last week and 2018 low

Resistance 1:               1.1700 figure
Resistance 2:               1.1745 weekly high and 100-period simple moving average (4-hour chart)
Resistance 3:               1.1830 May 22 high