- EUR/USD is consolidating the bear move that happened on Thursday on the back of dovish comments by the European Central Bank.
- EUR/USD is currently trapped in a small rising wedge, suggesting that the recent bounce might soon be coming to an end. On the other hand, if Euro bulls break above the wedge and 1.1650 it can open the gates to further gains towards the 1.1700 level.
Spot rate: 1.1621
Relative change: 0.45%
High: 1.1627
Low: 1.1543
Trend: Neutral
Resistance 1: 1.1600 figure
Resistance 2: 1.1650 June 5 low
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1775 supply/demand level
Support 1: 1.1550 figure
Support 2: 1.1510, 2018 low
Support 3: 1.1420, daily 200-period simple moving average
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