- EUR/USD bear trend is on hold for the 6th consecutive day ahead of the FOMC minutes released at 18:00 GMT.
- EUR/USD is having a pullback to the 50-period simple moving average above 1.1572 support.The key resistance to break to the upside is 1.1628 swing high, after which 1.1667 and 1.1750 become the main targets.
- A sustained bear breakout below 1.1500 would invalidate the bull trend.
Spot rate: 1.1596
Relative change: 0.21%
High: 1.1623
Low: 1.1553
Main trend: Bearish
Short-term trend: Bullish above 1.1500
Resistance 1: 1.1628 August 8 high
Resistance 2: 1.1667 August 2 high
Resistance 3: 1.1750 supply level
Support 1: 1.1572 July 19 low
Support 2: 1.1542 supply/demand level
Support 3: 1.1506 June 21 low
Support 4: 1.1483 intraday swing high (August 10)
Support 5: 1.1445 last week high
Support 6: 1.1430 August 14 high
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