- EUR/USD is trading inside yesterday’s range as the market has found support once again near the 1.1640 demand level.
- EUR/USD is consolidating the bear breakout from the early European session as the market is deciding whether to continue the bear move or create a bull reversal from the current level.
- US Independence day’ holiday can see limited moves in the forex market.
Spot rate: 1.1643
Relative change: -0.13%
High: 1.1682
Low: 1.1630
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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