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EUR/USD Technical Analysis: Euro on the bullish side despite Greenback bidding through the day

  • The Euro is in a bullish stance for Wednesday, but the US Dollar is continuing to limit upwards momentum in the pair.
  • European Markit PMIs are due early in the EU session, printing to set the tone for Wednesday.
  • US session will see constrained volumes with the American holiday.

EUR/USD Chart, 15-Minute

Spot rate:   1.1667
Relative change: 0.10%
High:   1.1678
Low:   1.1654
   
Trend:   Bullish
   
Support 1:   1.1645 (38.2% Fibo retracement level)
Support 2:   1.1620 (Tuesday low)
Support 3:   1.1591 (current week low)
   
Resistance 1:   1.1678 (current week high)
Resistance 2:   1.1742 (R2 daily pivot)
Resistance 3:   1.1851 (June high)

 

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