- EUR/USD is currently in a bullish consolidation phase as the market is testing 1.1672, the June 27 high. If the market fails to contain the price below the level the next resistance is located at the 1.1700 figure.
- EUR/USD has been trading in a bear channel throughout the week and the price is currently being capped by the 200-period simple moving average. Bears objective is to initially regain the weekly lows at 1.1613 to then target the 2018 low at 1.1508.
EUR/USD 15-minute chart
Spot rate: 1.1662
Relative change: -0.08%
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1720-1.1730-1.1740 area, June 26 high, 23.6% Fibonacci retracement from mid-April-May bear move and weekly open.
Resistance 4: 1.1775 supply level
Resistance 5: 1.1800 figure
Resistance 6: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1640-1.1649 area, key level and July 12 low
Support 2: 1.1613 current weekly low
Support 3: 1.1600 figure
Support 4: 1.1560 June 14 low
Support 5: 1.1508 current 2018 low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.