EUR/USD Technical Analysis: Euro bumps into 1.18 as markets swing risk-on for Monday

• EUR/USD notably up for Monday as traders disregard G7 summit blow-out.
• Rising trendline continuing to provide support for Euro bullish play.
• Hourly indicators are mixed, MACD middling and slow Stochastics edging into sell signals.

EUR/USD Chart, 1-Hour

Spot rate: 1.1805
Relative change: 0.26%
High: 1.1807
Low: 1.1771

Trend: Bullish

Support 1: 1.1771 (current day’s low)
Support 2: 1.1727 (Friday low, trendline rejection)
Support 3: 1.1652 (one week low, trendline rejection)

Resistance 1: 1.1839 (last week high)
Resistance 2: 1.1927 (61.8% Fibonacci expansion level)
Resistance 3: 1.1996 (one month high)