27 Jun 2018
EUR/USD Technical Analysis: Euro drifting into support ahead of Wednesday's European session
- Hourly indicators are drifting higher but bullish movement remains limited; an extension of Tuesday's bearish retracement could follow a successful rollover.
- Early Wednesday action is challenging current support levels established early in the week.
- Broader market sentiment remains constrained, piling onto a bearish bias for risk assets like the Euro.
EUR/USD Chart, 1-Hour
| Spot rate: | 1.1646 |
| Relative change: | Negligible |
| High: | 1.1664 |
| Low: | 1.1639 |
| Trend: | Bearish |
| Support 1: | 1.1628 (current week low) |
| Support 2: | 1.1589 (61.8% weekly Fibo level) |
| Support 3: | 1.1508 (previous week low) |
| Resistance 1: | 1.1720 (current week high) |
| Resistance 2: | 1.1754 (R2 daily pivot) |
| Resistance 3: | 1.1787 (R3 daily pivot) |