16 Aug 2018
EUR/USD Technical Analysis: bulls scrambling to retake 1.14
- The EUR is bouncing in Thursday's Asian session, but the pair remains steeply bearish.
- The EUR/USD has marked in a new low for 2018 every day for four trading days straight.
- Thursday's thin economic calendar sees overall market sentiment in control of the major pair.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1385 |
| Relative change: | 0.35% |
| High: | 1.1390 |
| Low: | 1.1335 |
| Trend: | Bearish |
| Support 1: | 1.1335 (current day low) |
| Support 2: | 1.1300 (major technical level; current week low) |
| Support 3: | 1.1258 (S3 daily pivot) |
| Resistance 1: | 1.1432 (current week high) |
| Resistance 2: | 1.1500 (major technical level) |
| Resistance 3: | 1.1627 (previous week high) |