EUR/USD Technical Analysis: EUR/USD free fall to new 2018 lows
- EUR/USD is extending the bear trend below 1.1508, the former 2018 low and is currently printing new lows at the time of writing.
- EUR/USD bears are in control and the next targets to the downside are likely located near 1.1370 July 13, 2017 1.1370 low and the 1.1300 figure.
- Resistances to the upside can be seen near 1.1432 Intraday swing low and 1.1483 intraday swing high.
EUR/USD 15-minute chart
EUR/USD daily chart
Spot rate: 1.1419
Relative change: -0.94%
High: 1.1537
Low: 1.1416
Trend: Bearish
Resistance 1 1.1432 Intraday swing low
Resistance 2: 1.1483 intraday swing high
Resistance 3: 1.1508 June 8 low
Resistance 4: 1.1527 June 28 low
Resistance 5: 1.1571-1.1581 area, August 6 high and August 2 low
Resistance 6: 1.1600-1.1620 area, figure and July 27 low
Resistance 7: 1.1640-1.1649 area, key level and July 12 low
Resistance 8: 1.1672 June 27 high
Resistance 9: 1.1700 figure
Resistance 10: 1.1750 supply level
Resistance 11: 1.1760-1.1795 supply levels
Resistance 12: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1370 July 13, 2017 1.1370 low
Support 2: 1.1300 figure
Support 3: 1.1178 June 27, 2017 low