EUR/USD Technical Analysis: Euro jumps above the 1.1700 handle on ECB comments

• EUR/USD strongly rebounded from the 1.1650 level with spot now challenging the 1.1700 handle.
• A strong break above 1.1745  weekly high can open the gates to 1.1830 May 22 high.
• Bloomberg says that ECB policymakers are considering a discussion on when they are planning to stop purchasing bonds. The hawkish news send EUR/USD up about 50 pips.

EUR/USD 15-minute chart

Spot rate:                     1.1712
Relative change:         0.13%      
High:                             1.1717
Low:                              1.1652

Trend:                            Neutral to bullish above 1.1745  

Support 1:                    1.1650 last week key support
Support 2:                    1.1600 figure and 61% Fibonacci retracement (May 29-June 4)
Support 3:                    1.1510 last week and 2018 low

Resistance 1:               1.1700 figure
Resistance 2:               1.1745 weekly high and 100-period simple moving average (4-hour chart)
Resistance 3:               1.1830 May 22 high