- Euro pumpfakes over descending trendline, Monday’s bull run fizzles out.
- Trendline break generates a bearish MACD divergence.
- Composite PMIs for Tuesday could swing market sentiment as EUR/USD lacks interday direction.
Spot rate: 1.1686
Relative change: -0.07%
High: 1.1703
Low: 1.1683
Trend: Sideways
Support 1: 1.1656 (Monday low)
Support 2: 1.1616 (Friday low)
Support 3: 1.1509 (last week’s swing low)
Resistance 1: 1.1744 (Week’s current high)
Resistance 2: 1.1829 (May 22nd swing high)
Resistance 3: 1.1866 (1-Week 161.8% Fibonacci level)