- EUR/USD bulls gained about 120 pips on Friday as they almost reached the 1.1700 level.
- The next target to the upside is likely located near the 1.1730 level, the 23.6% Fibonacci retracement from the mid-April-May bear move. A breakout above it would likely see an acceleration in the bull correction and might lead to a bullish reversal of the main current bear trend.
EUR/USD 15-minute chart
Spot rate: 1.1684
Relative change: 1.00%
High: 1.1690
Low: 1.1558
Trend: Bullish correction
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: 1.1672 Wednesday’s high
Support 2: 1.1640 supply/demand level
Support 3: 1.1600 figure
Support 4: 1.1560 June 14 low
Support 5: 1.1527 current weekly low
Support 6: 1.1508 current 2018 low
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