28 Jun 2018
EUR/USD Technical Analysis: The week's decline continues and the Euro is looking at yearly lows
- The Euro is steeply off the week's high at 1.1720 as risk aversion knocks risk assets lower and the Greenback continues to gain.
- The week's decline has been aggressive and one-sided, could be primed for a profit-taking bounce.
- Hourly indicators have spun into buy signals, but so far the pair remains close to lows.
EUR/USD Chart, 1-Hour
| Spot rate: | 1.1564 |
| Relative change: | 0.11% |
| High: | 1.1573 |
| Low: | 1.1551 |
| Trend: | Bearish |
| Support 1: | 1.1540 (Wednesday low) |
| Support 2: | 1.1508 (one month low) |
| Support 3: | 1.1457 (S2 daily pivot) |
| Resistance 1: | 1.1638 (S1 daily pivot) |
| Resistance 2: | 1.1672 (Wednesday high) |
| Resistance 3: | 1.1720 (one week high) |