EUR/USD Technical Analysis: EUR/USD bear trend might be at risk

• EUR/USD started the week with a 64-pip move down from current daily high to low. EUR/USD found buying interest near the 1.1700 figure and is now trading above the level. 
• As the American session started, investors are debating whether to continue the main bearish trend on EUR/USD by breaking below 1.1672-1.1700 area; or attempting a reversal up by first breaking 1.1730-1.1740 area in order to first reach 1.1760-1.1795 area. 
• Although the main trend is bearish, bullish pressure is mounting and a failure for bears to regain 1.1672-1.1700 can leave to room open to further advance towards the 1.1730-1.1740 area and beyond. At the time of writing, the bulls have a slight advantage while above 1.1672-1.1700.  

EUR/USD 15-minute chart 

Spot rate:              1.1720
Relative change:    -0.02%  
High:                     1.1751
Low:                      1.1686

Trend:                   Bearish / Bullish reversal attempt

Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 2: 1.1760-1.1795 supply level
Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1: 1.1672-1.1700 June 27 high and figure
Support 2: 1.1640-1.1649 area, key level and July 12 low 
Support 3: 1.1600-1.1613 figure and last week's low 
Support 4: 1.1560 June 14 low
Support 5: 1.1508 current 2018 low
Support 6: 1.1400 figure