Technical analytics

EUR/USD

Sellers managed to reclaim 1.1800 and moved the price towards 1.1750. The level did not stop sellers who reached 1.1700 afterwards. However, fresh bids around the level rejected the spot upwards. The pair returned to 1.1750 and spent there the first part of the day. The euro continued its slide targeting at 1.1700 in the late European session. The resistance resides at 1.1750, the support comes in at 1.1700.

A move below 1.1750 will confirm sellers' strength. Below 1.1750 EUR/USD will likely target at 1.1700 and 1.1650.

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