EUR/USD Technical Analysis: Bears defending the 1.1630 key level

• EUR/USD jumped above the 1.1628 key resistance on Powell’s speech challenging the main bear trend above the level. 
• EUR/USD is currently trying to find a direction near 1.1628. Bears would need to break below 1.1572 in order to re-establish a bearish bias. 
• A sustained bull breakout above 1.1628 would invalidate the bearish bias. 
   

EUR/USD 15-minute chart 

Spot rate:             1.1627
Relative change:   0.76%  
High:                    1.1640
Low:                     1.1534

Main trend:           Bearish below 1.1628

Resistance 1:  1.1628 August 8 high key level
Resistance 2:  1.1667 August 2 high
Resistance 3:  1.1750 supply level

Support 1:  1.1600 figure
Support 2:   1.1572 July 19 low
Support 3:   1.1542 supply/demand level
Support 4:   1.1500 figure
Support 5:   1.1483 intraday swing high (August 10)
Support 6:   1.1445 last week high
Support 7:   1.1430 August 14 high