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10 Aug 2018
EUR/USD Technical Analysis: slips 1.15 as Dollar bulls go on a rampage
- The EUR/USD has dropped half a percent for Friday as the Greenback catches heavy bidding at the outset of European market action.
- The Euro is hitting into 14-month lows as markets go full-reverse into the USD.
- A sharp pullback on profit-taking could see short positions get a reload to end the day with a sustained push lower.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1460 |
| Relative change: | -0.56% |
| High: | 1.1536 |
| Low: | 1.1436 |
| Trend: | Bearish |
| Support 1: | 1.1436 (current low) |
| Support 2: | 1.1400 (major technical level; S3 daily pivot) |
| Support 3: | 1.1317 (S3 weekly pivot) |
| Resistance 1: | 1.1536 (current day high) |
| Resistance 2: | 1.1627 (61.8% Fibo retracement level) |
| Resistance 3: | 1.1745 (previous week high) |