EUR/USD Technical Analysis: Euro gets 20-pip boost from daily low post ECB’s members hawkish comment

Breaking News: Some ECB members see rate hike at end-2019 as ‘too late’ - Bloomberg.
EUR/USD gained about 20 pips as an ECB member said that he sees end-2019 for rate hike as too late. EUR/USD jumped from its daily lows near 1.1640 and is now almost challenging 1.1672, June 27 high.
EUR/USD remains fairly balanced as long as the pair stays contained in the 1.1600 -1.1700 range.

Flavio Tosti Independent Analyst

EUR/USD 15-minute chart

Spot rate: 1.1662
Relative change: 0.04%
High: 1.1682
Low: 1.1630

Trend: Neutral

Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1800 figure

Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 last week’s low
Support 5: 1.1508 current 2018 low

Author

Flavio Tosti

Independent Analyst

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