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EUR/USD Technical Analysis: Bulls advance meets resistance at 1.1700 resistance

  • EUR/USD finds resistance at the 1.1700 level. It is currently trading in a bull channel as the market broke above 1.1676, the high of last week.  
  • Immediate support is seen at 1.1644 which was an important supply/demand level in the last weeks.  

EUR/USD 15-minute chart

Spot rate:              1.1681
Relative change:   0.22%  
High:                     1.1702
Low:                      1.1628

Trend: Bullish

Resistance 1: 1.1700 figure
Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1800 figure

Support 1: 1.1644 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1550 figure

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