EUR/USD Technical Analysis: Euro grinding higher to daily highs near 1.1670

• EUR/USD bulls are trying to break above the 1.1672 level, Wednesday’s high.  
• The short-term momentum is bullish but the move might be short-lived as the market will need to gather some serious strength to break above 1.1730, the 23.6% Fibonacci retracement from the mid-April-May bear move.

EUR/USD 15-minute chart

Spot rate:              1.1649
Relative change:   0.69%  
High:                     1.1667
Low:                      1.1558

Trend: Neutral

Resistance 1: 1.1672 Wednesday’s high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move

Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 current weekly low
Support 5: 1.1508 current 2018 low
Support 6: 1.1431 weekly 100-period simple moving average