•EUR/USD Is currently trading around 1.1705 with a continuing bearish tone in the intraday charts.
•In the Asian session the pair broke the Sept.27 low at 1.1717 and created a new low around 1.1695, as Spain faced its biggest constitutional crisis in decades after Sunday’s independence referendum in Catalonia.
•We expect a pull back to 1.1766 [H4 20 SMA] area, despite the fact that the overall trend is negative.
•Support: 1.1690, 1.1650 & 1.1610/00.
•Resistance: 1.1735, 1.1775, 1.1825 & 1.1860.
•Recommendation: Possibility for a sell signal around 1.1766/75 levels with SL above: 1.1800 and TP: 1.1730/1.700.