The Euro moved higher on Thursday in modest recovery from new low at 1.1675 (the lowest since 14 Nov 2017) after bears tested strong support at 1.1675 (top of thick daily cloud).
Overall structure remains bearish, with concerns about economic slowdown in the EU and political uncertainty in Italy, additionally weighing on the single currency.
Bears may take a breather above weekly cloud before continuing lower, as rising momentum and sideway-moving slow stochastic warn.
Recovery attempts are expected to be limited and capped under pivotal barriers at 1.1806 (falling 10SMA) and 1.1830 (Tuesday’s high).
Res: 1.1752, 1.1789, 1.1806, 1.1830
Sup: 1.1690, 1.1675, 1.1662, 1.1600
