EUR/USD Technical Analysis: Rejected again at 1.1800 but bias still points to the upside

• The euro was again rejected from above 1.1800 and pulled back, erasing most of the day’s gains. The short-term trend still points to the upside but as long as it continues to fail around 1.1800, it is likely to remain limited. 
• A break below 1.1690/00 (short-term uptrend line) could remove the current bullish tone signaling a potential consolidation between 1.1650 (20-day moving average) and 1.1700. 
• Technical indicators still favor the bullish bias and a consolidation above 1.1800, targets 1.1850. 

EUR/USD 15-minute chart

Daily high: 1.1816
Daily low: 1.1723

Support Levels

S1: 1.1750
S2: 1.1720
S3: 1.1675

Resistance Levels

R1: 1.1690
R2: 1.1725
R3: 1.1750