EUR/USD Technical Analysis: Door open for a visit to the 1.1500 neighbourhood… and below

• EUR/USD remains under pressure on Tuesday and is now challenging September’s low at 1.1526, always on the back of rising jitters on the Italian fiscal sector.
• Further downside below 1.1526 should put 1.1508 back on the radar ahead of 1.1449 (50% Fibo retracement of the 2017-2018 up move).
• Below emerges the so far 2018 low at 1.1299.
• The corrective downside should persists as long as the short-term resistance line, today at 1.1724, underpins.

EUR/USD daily chart

Daily high: 1.1581

Daily low: 1.1525

Support Levels

S1: 1.1553

S2: 1.1527

S3: 1.1491

Resistance Levels

R1: 1.1614

R2: 1.1650

R3: 1.1676