EUR/USD Technical Analysis: Euro trapped in a rising wedge below 1.1800 ahead of FOMC

EUR/USD 15-minute chart

Spot rate:              1.1785
Relative change:   0.34%     
High:                     1.1793
Low:                      1.1729

Trend: Bearish below 1.1850 

Resistance 1: 1.1800
Resistance 2: 1.1821 current week’s high
Resistance 3: 1.1850 figure and near last week’s high


Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low  
Support 3: 1.1600 figure

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