EUR/USD Technical Analysis: Retreat from key resistance continues below 1.1650

• Bearish pressure rises as pair breaks below 1.1650, extending daily losses. 
• Next support is seen around 1.1630 and below at 1.1600. 
• Double top formation near 1.1750, with the neckline at 1.1670 shows target near 1.1590. 
• Downtrend line at 1.1740/50 is the key dynamic resistance: a break higher should clear the way to more gains. 

EUR/USD 15 minutes chart

EUR/USD 4 Hour chart

Spot rate:              1.1642
High:                     1.1743
Low:                      1.1642

Trend:                  Bearish

Resistance 1:        1.1650
Resistance 2:        1.1675
Resistance 3:        1.1705

Support 1:             1.1630
Support 2:             1.1600
Support 3:             1.1575