EUR/USD Technical Analysis: EUR/USD starting the week with a drop - Trading below 1.1550 level

• EUR/USD started the week by dropping about 40 pips to 1.1529 testing the June 28 low at 1.1527.
• The bears objective is to extend the bear trend below 1.1527 and 1.1508, the current 2018 low while bulls will try to support the market near the current price.
• EUR/USD is currently having a small 15 pips move us as bulls are trying to form a double bottom with June 26 low. Resistances to the upside are seen near 1.1560 and 1.1600-1.1613 area. 

EUR/USD 15-minute chart

Spot rate:             1.1541
Relative change:   -0.23%  
High:                    1.1572
Low:                     1.1529

Trend:                  Bearish / Double bottom attempt with June 28 low at 1.1527

Resistance 1: 1.1560 August 3 low
Resistance 2: 1.1600-1.1613 area, figure and July 13 low
Resistance 3: 1.1640-1.1649 area, key level and July 12 low 
Resistance 4: 1.1672 June 27 high
Resistance 5: 1.1700 figure
Resistance 6: 1.1750 supply level
Resistance 7: 1.1760-1.1795 supply levels
Resistance 8: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1:  1.1527 June 28 low
Support 2:  1.1508 current 2018 low
Support 3:  1.1370 July 13, 2017 1.1370 low