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EUR/USD Technical Analysis: Euro reversal attempt, trading above 1.1650

  • EUR/USD bulls are trading above Tuesday’s high at 1.1640 as bulls staged a rebound from the 2018 low at 1.1510 established on Tuesday.
  • Bulls need to keep the market above 1.1600-1.1650 in order to keep the momentum. 
  • Today’s reversal attempt is potentially valid as EUR/USD tested a key swing low at 1.1553 established on November 7, 2017. 

EUR/USD 15-minute chart


Spot rate:              1.1659
Relative change:  1.09%     
High:                      1.1676
Low:                       1.1518

Trend:                     Neutral

Support 1:             1.1640-1.1650 area, Tuesday’s high and May 25 low
Support 2:             1.1600 figure and near Monday’s low
Support 3:             1.1510 current week’s low

Resistance 1:        1.1700 psychological figure
Resistance 2:        1.1830 May 22 high
Resistance 3:        1.1900 figure

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