EUR/USD Technical Analysis: Euro looking for next support at 1.1300

• The EUR/USD reversed sharply after the ECB meeting and Draghi’s press conference and tumbled also amid a stronger US dollar, breaking below yesterday’s low. 
• The negative momentum remains highs despite oversold readings in some short-term technical indicators. Below 1.1350, a test of 2018 lows at the 1.1300 psychological area seems likely. 
• A recover above 1.1385 is needed to remove some short-term pressure. But any move higher, while under 1.1500, could be seen as a correction of the bearish trend the remains intact. 
   

EUR/USD 15-minute chart 

Daily high: 1.1432
Daily low: 1.1357

Support Levels

S1: 1.1350
S2: 1.1325
S3: 1.1300/05 (2018 lows)

Resistance Levels

R1: 1.1375
R2: 1.1405
R3: 1.1430