- The Euro is twisting just above 1.16 after Monday’s decline took a bite out of Friday’s gains, and bulls are running out of steam.
- Tuesday is a limited showing on the calendar, look for swings in market sentiment to throw the trend.
- Hourly indicators are mixed, reflecting the pair’s cycle around a recent midpoint.
| Spot rate: | 1.1628 |
| Relative change: | -0.08% |
| High: | 1.1643 |
| Low: | 1.1620 |
| Trend: | Bearish |
| Support 1: | 1.1589 (61.8% Fibo retracement level) |
| Support 2: | 1.1527 (one week low) |
| Support 3: | 1.1470 (S3 daily pivot) |
| Resistance 1: | 1.1690 (one week high) |
| Resistance 2: | 1.1720 (June 26th high) |
| Resistance 3: | 1.1778 (R2 daily pivot) |
Share
