- EUR/USD jumped above the 1.1628 key resistance on Powell’s speech challenging the main bear trend above the level.
- EUR/USD is currently trying to find a direction near 1.1628. Bears would need to break below 1.1572 in order to re-establish a bearish bias.
- A sustained bull breakout above 1.1628 would invalidate the bearish bias.
EUR/USD 15-minute chart
Spot rate: 1.1627
Relative change: 0.76%
High: 1.1640
Low: 1.1534
Main trend: Bearish below 1.1628
Resistance 1: 1.1628 August 8 high key level
Resistance 2: 1.1667 August 2 high
Resistance 3: 1.1750 supply level
Support 1: 1.1600 figure
Support 2: 1.1572 July 19 low
Support 3: 1.1542 supply/demand level
Support 4: 1.1500 figure
Support 5: 1.1483 intraday swing high (August 10)
Support 6: 1.1445 last week high
Support 7: 1.1430 August 14 high
Share
