EUR/USD Technical Analysis: Bullish counter-attack might not be over, 1.1400 level not as strong as it seems

EUR/USD bear trend is having trouble to resume its course as bulls are insisting to trade near the 1.1400 figure.
EUR/USD broke to a new daily highs and bulls are keeping the price close to the 1.1400 figure as the market is making higher highs and higher lows. Targets to the upside are located near 1.1430 and 1.1483.
A sustained breakout below 1.1365 would negate the short-term bullish scenario

Flavio Tosti Independent Analyst

EUR/USD 15-minute chart

Spot rate: 1.1399
Relative change: 0.48%
High: 1.1409
Low: 1.1335

Trend: Bearish

Resistance 1: 1.1400 figure
Resistance 2: 1.1430 August 14 high
Resistance 3: 1.1483 intraday swing high (August 10)

Support 1: 1.1365 August 13 low
Support 2: 1.1347 intraday swing high (August 15)
Support 3: 1.1300 figure
Support 4: 1.1250 May 24, 2017 high
Support 5: 1.1178 June 27, 2017 low

Author

Flavio Tosti

Independent Analyst

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