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28 May 2018

EUR/USD Technical Analysis: Euro breaks to new 2018 low at 1.1606

  • EUR/USD reaches a new 2018 low at 1.1606 on Monday.
  • EUR/USD market retracing the recent sell-climax, watch for reaction at 1.1645 next resistance.  


EUR/USD 15-minute chart

Spot rate:                     1.1628
Relative change:        -0.16%     
High:                            1.1730
Low:                             1.1606

Trend:                          Bearish

Support 1:             1.1606 low of Monday 
Support 2:             1.1600 psychological figure
Support 3:             1.1553 swing low established on November 11, 2017

Resistance 1:       1.1645 Friday’s low 
Resistance 2:       1.1680 Monday’s open, bulls want to fill the gap. 
Resistance 3:       1.1700 psychological figure
Resistance 4:       1.1830 swing high, May 22

May 28, 2018

EUR/JPY drops to lowest since June, remains around 127.00

The EUR/JPY dropped further and bottomed after the beginning of the US session at 126.85, the lowest level since June 2017...
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May 28, 2018

EUR/GBP: politics, politics and more politics switches the euro up to the downside

EUR/GBP plummeted on Monday in thin liquidity from 0.8795 down to 0.8724 and in tandem with EUR/USD dropping from 1.1728 to 1.1607. For the cross, the
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