EUR/USD Technical Analysis: EUR/USD testing Asia highs, Euro bulls looking for a continuation up

• EUR/USD main bear trend is taking a breather as the market broke above the 1.1628 key level.  
• EUR/USD is grinding higher trading above its main simple moving averages suggesting short-term bullish momentum. EUR/USD is now testing the highs made earlier in Asia above the 1.1628 level. It is important that bulls keep the market above that level if they don’t want the market to rotate lower.
• A sustained breakout above 1.1654 would open the gates to 1.1667 and 1.1750 supply level.  

 
EUR/USD 15-minute chart

Spot rate:             1.1635
Relative change:   0.13%  
High:                    1.1654
Low:                     1.1594

Main trend:           Bearish  

Short-term trend: Bullish above 1.1628

Resistance 1:  1.1654 current August 27 high
Resistance 2:  1.1667 August 2 high
Resistance 3:  1.1750 supply level

Support 1:   1.1628 August 8 high key level
Support 2:   1.1600 figure
Support 3:   1.1572 July 19 low
Support 4:   1.1542 supply/demand level
Support 5:   1.1500 figure
Support 6:   1.1483 intraday swing high (August 10)
Support 7:   1.1445 last week high
Support 8:   1.1430 August 14 high