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13 Aug 2018
EUR/USD Technical Analysis: Consolidating losses, bearish momentum still intact
- Bearish momentum and bias remain intact, short and long-term.
- Recovery from 1-year lows capped by 1.1430/35 area that is the immediate resistance
- Ahead of the Asian session, a decline below 1.1380 would expose 1.1360/65 (Aug 13 low). Under 1.1360 an acceleration to the downside seems likely. Next strong support is seen at 1.1280/85.
EUR/USD 15-minutes chart
EUR/USD 4-hour chart
Spot rate: 1.1394
High: 1.1432
Low: 1.1364
Trend: Bearish
Resistance 1: 1.1435
Resistance 2: 1.1485
Resistance 3: 1.1510
Support 1: 1.1385
Support 2: 1.1360
Support 3: 1.1330
Support 4: 1.1285