EUR/USD Technical Analysis: Euro grinds higher challenging daily highs near 1.1700
|- EUR/USD is currently testing the daily highs near 1.1702. A sustained breakout can lead to a test of the 1.1730 level, which is the 23.6% Fibonacci retracement from the mid-April-May bear move.
- A failure above 1.1700 can lead to a pullback to 1.1670 previous intraday swing low.
Spot rate: 1.1698
Relative change: 0.36%
High: 1.1702
Low: 1.1628
Trend: Bullish
Resistance 1: 1.1700 figure
Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1800 figure
Support 1: 1.1670 intraday swing low
Support 2: 1.1644 supply/demand level
Support 3: 1.1600 figure
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