- EUR/USD main trend is currently facing some headwinds with bulls in the fourth day of consolidation up.
- EUR/USD is in a bullish channel with the 100 and 200-period simple moving average having a bullish slope. EUR/USD next hurdle is last week high at 1.1445. Once the level is cleared there is not much resistance all the way up to the 1.1500 figure.
- A sustained bear breakout below 1.1365 would negate the short-term bullish momentum.
Spot rate: 1.1440
Relative change: 0.02%
High: 1.1444
Low: 1.1394
Main trend: Bearish
Short-term trend: Bullish above 1.1365
Resistance 1: 1.1445 last week high
Resistance 2: 1.1483 intraday swing high (August 10)
Resistance 3: 1.1500 figure
Support 1: 1.1430 August 14 high
Support 2: 1.1400 figure
Support 3: 1.1365 August 13 low
Support 4: 1.1347 intraday swing high (August 15)
Support 5: 1.1300 figure
Support 6: 1.1250 May 24, 2017 high
Support 7: 1.1178 June 27, 2017 low
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