EUR/USD Technical Analysis: Euro knocks into 1.17 as bulls continue to push Friday's momentum

Euro catching some bids ahead of Monday's London market session, clipping into the 1.17 major level as low-tier EU data for the day leaves the US Retail Sales figures due later in the driver's seat.
Risk appetite reversed flows late last week, and bulls are capitalizing on an extension of bullish momentum, but Daily chart swing highs remain in a sequential lower-high pattern, and a full bullish reversal has yet to materialize.

Joshua Gibson FXStreet

EUR/USD Chart, 15-Minute

Spot rate:	1.1701
Relative change:	0.12%
High:	1.1702
Low:	1.1675

Trend:	Bullish

Support 1:	1.1675 (current day low)
Support 2:	1.1612 (previous week low)
Support 3:	1.1590 (two-week low)

Resistance 1:	1.1722 (61.8% Fibo retracement level)
Resistance 2:	1.1758 (June 11th swing high)
Resistance 3:	1.1790 (previous week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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