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11 Jul 2018
EUR/USD Technical Analysis: Euro heading for 1.17 as bears take hold
- Wednesday brings a speech from ECB President Mario Draghi, and the Euro is softly bearish ahead of the action.
- The Euro's recent technical recovery is coming under fire as broader market sentiment gets wiped out by more ramping-up of the US-China trade war.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1730 |
| Relative change: | -0.09% |
| High: | 1.1746 |
| Low: | 1.1722 |
| Trend: | Bearish |
| Support 1: | 1.1689 (38.2% Fibo retracement level) |
| Support 2: | 1.1627 (61.8% Fibo retracement level) |
| Support 3: | 1.1590 (previous week low) |
| Resistance 1: | 1.1762 (previous day high) |
| Resistance 2: | 1.1790 (current week high) |
| Resistance 3: | 1.1850 (one month high) |