EUR/USD Technical Analysis: Euro remains well-bid as ECB considers easing exit

• Euro remaining well-bid, supported by rising trendline from late May bottom at 1.1509, a ten-month low.
• EUR/USD approaching last major resistance from last mid-term swing high.
• Cautionary note to bidding as ECB mulls over exit from bond purchase programs.

EUR/USD Chart, 1-Hour

Spot rate: 1.1800
Relative change: 0.23%
High: 1.1806
Low: 1.1772

Trend: Bullish

Support 1: 1.1772 (current day’s low)
Support 2: 1.1715 (Wednesday low)
Support 3: 1.1652 (current week’s low)

Resistance 1: 1.1830 (three-week high, last swing high)
Resistance 2: 1.1896 (R3 1-Day pivot)
Resistance 3:  1.1996 (May high, four-week high)