- EUR/USD spent most of Tuesday bouncing above the 1.1640 demand level.
- EUR/USD is consolidating in a triangle pattern that can potentially lead to a breakout in either direction.
- EUR/USD bears will need to reclaim prices below 1.1640 while bulls need a strong breakout above the 1.1700 figure in order to generate a bull reversal. Either sides are fairly balanced at the present moment.
EUR/USD 15-minute chart
Spot rate: 1.1652
Relative change: 0.11%
High: 1.1674
Low: 1.1620
Trend: Neutral
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1800 figure
Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 last week’s low
Support 5: 1.1508 current 2018 low
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