15 Aug 2018
EUR/USD Technical Analysis: Inching towards 1.13 as bears persist
- The Euro marked in another 14-month low against the US Dollar in Wednesday's early Asia trading session.
- A thin calendar for the Euro today sees directional bias in the hands of USD traders with US Retail Sales figures in the pipe.
- A fafilure by EUR bulls to regain their footing in the EUR/USD could see major new lows reached after a break of 1.13.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1323 |
| Relative change: | -0.18% |
| High: | 1.1350 |
| Low: | 1.1316 |
| Trend: | Bearish |
| Support 1: | 1.1316 (currrent low; major technical bottom) |
| Support 2: | 1.1300 (major technical level) |
| Support 3: | 1.1235 (S2 weekly pivot) |
| Resistance 1: | 1.1432 (current week high) |
| Resistance 2: | 1.1508 (61.8% Fibo retracement level) |
| Resistance 3: | 1.1627 (previous week high) |