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27 Jul 2018
EUR/USD Technical Analysis: 1.1650 sees sellers taking a breather
- The Euro fell into new lows on Thursday after the ECB pulled the plug on expectations of any rate hikes before September of 2019.
- Asia session bulls are looking to roll the pair over into a bullish push heading into Friday, but a resurgence of sellers will see the pair dropping into the week's end.
- Thin data ahead for the European market session sees US GDP figures due later in the driver's seat for the major pair.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1649 |
| Relative change: | 0.07% |
| High: | 1.1654 |
| Low: | 1.1637 |
| Trend: | Bearish to flat |
| Support 1: | 1.1637 (current week low) |
| Support 2: | 1.1574 (previous week low) |
| Support 3: | 1.1503 (S3 daily pivot) |
| Resistance 1: | 1.1700 (major technical level) |
| Resistance 2: | 1.1731 (61.8% Fibo retracement level) |
| Resistance 3: | 1.1750 (current week high) |