EUR/USD Technical Analysis - Off 18-day low, targets 1.3285 (R1) before 1.3447-97 (R2)

EUR/USD Technical Analysis

EUR/USD gained ground on Tuesday and enthused inedible an 18-day low it destroy on Monday. The team up in a jiffy has immediate resistance around 1.3285, a Fibonacci retracement level which comes immediately beyond 50-day and 100-day SMAs on 4-hour chart. RSI besides suggests bullishness in place of the team up.
>Above with the aim of, EUR/USD has a stronger short-term resistance (R2) in 1.3447-1.3497 area (near an extra retracement level) by rising to the 1.3697-1.3785 region (R3).

On the downside, the team up has still risks to break underneath last-minute  November low of 1.2969 (S1), which will confirm the continuance of the downtrend from first November prohibitive of 1.4281. Clothed in with the aim of legal action, middle ropes of 1.2887 (S2) and 1.2587 will be type levels to watch along with 1.2700, the level we contract by mapping AB as disc.