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  • RES 4: 1.2349/53 High Jan 6 / High Apr 20, 2018
  • RES 3: 1.2266/85 High May 25 and the bull trigger / High Jan 8
  • RES 2: 1.2218 High Jun 9
  • RES 1: 1.2147 High Jun 15
  • PRICE: 1.1933 @ 15:48 BST Jun 17
  • SUP 1: 1.1919 61.8% retracement of the Mar 31 - May 25 rally
  • SUP 2: 1.1893 2.0% 10-dma envelope
  • SUP 3: 1.1867 Low Apr 9
  • SUP 4: 1.1837 76.4% retracement of the Mar 31 - May 25 rally

EURUSD fell sharply Wednesday and the pair remains under pressure. The recent breach of the 50-day EMA and 1.2104, Jun 4 low highlights a bearish theme and yesterday's sell-off also confirmed a recent bear flag formation following the consolidation earlier this week. The focus is on 1.1919 and 1.1837, Fibonacci retracements. On the upside, initial resistance is at 1.2006, today's intraday high.