EUR/USD Technical Analysis: EUR/USD free fall to new 2018 lows

  • EUR/USD is extending the bear trend below 1.1508, the former 2018 low and is currently printing new lows at the time of writing.
  • EUR/USD bears are in control and the next targets to the downside are likely located near 1.1370 July 13, 2017 1.1370 low and the 1.1300 figure. 
  • Resistances to the upside can be seen near 1.1432 Intraday swing low and 1.1483 intraday swing high.

EUR/USD 15-minute chart

EUR/USD daily chart

Spot rate:             1.1419
Relative change:   -0.94%  
High:                    1.1537
Low:                     1.1416

Trend:                  Bearish 

Resistance 1  1.1432 Intraday swing low 
Resistance 2:  1.1483 intraday swing high
Resistance 3:  1.1508 June 8 low
Resistance 4:  1.1527 June 28 low
Resistance 5:  1.1571-1.1581 area, August 6 high and August 2 low
Resistance 6:  1.1600-1.1620 area, figure and July 27 low
Resistance 7:  1.1640-1.1649 area, key level and July 12 low 
Resistance 8:  1.1672 June 27 high
Resistance 9:  1.1700 figure
Resistance 10:  1.1750 supply level
Resistance 11:  1.1760-1.1795 supply levels
Resistance 12:  1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1:  1.1370 July 13, 2017 1.1370 low
Support 2:  1.1300 figure 
Support 3:  1.1178 June 27, 2017 low