EUR/USD Technical Analysis: EUR/USD supported at 1.1640 after bear slide

  • EUR/USD is trading inside yesterday’s range as the market has found support once again near the 1.1640 demand level.
  • EUR/USD is consolidating the bear breakout from the early European session as the market is deciding whether to continue the bear move or create a bull reversal from the current level. 
  • US Independence Day's holiday can see limited moves in the forex market.  

EUR/USD 15-minute chart

Spot rate:              1.1643
Relative change:  -0.13%  
High:                     1.1682
Low:                      1.1630

Trend: Neutral

Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1800 figure

Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 last week’s low
Support 5: 1.1508 current 2018 low

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