- EUR/USD main bear trend is currently on hold as bulls are supporting the market above 1.1530 (August 23 swing low).
- EUR/USD bulls are keeping the market above the key psychological level 1.1630 which is an important swing high ( August 8 high). The RSI, MACD and Stochastics indicators are constructive to the upside with the next target seen at 1.1700 figure.
- A bear breakout below 1.1530 would invalidate the bullish bias.
Spot rate: 1.1643
Relative change: 0.11%
High: 1.1660
Low: 1.1613
Main trend: Bearish
Short-term trend: Bullish above 1.1530
Resistance 1: 1.1654 August 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1750 key resistance (August)
Support 1: 1.1630 August 8 high key level
Support 2: 1.1600 figure
Support 3: 1.1572 July 19 low
Support 4: 1.1542 supply/demand level
Support 5: 1.1530 August 23 swing low
Support 6: 1.1508 June 8 low
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