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