EUR/USD Technical Analysis: pair goes flat around the 1.17 handle

• Euro pumpfakes over descending trendline, Monday's bull run fizzles out.
• Trendline break generates a bearish MACD divergence.
• Composite PMIs for Tuesday could swing market sentiment as EUR/USD lacks interday direction.

EUR/USD Chart, 1-Hour

Spot rate: 1.1686
Relative change: -0.07%
High: 1.1703
Low: 1.1683

Trend: Sideways

Support 1: 1.1656 (Monday low)
Support 2: 1.1616 (Friday low)
Support 3: 1.1509 (last week's swing low)

Resistance 1: 1.1744 (Week's current high)
Resistance 2: 1.1829 (May 22nd swing high)
Resistance 3: 1.1866 (1-Week 161.8% Fibonacci level)