Home EUR/USD Technical Analysis: Support emerged around 1.1600. Needs to regains 1.1745/50

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EUR/USD Technical Analysis: Support emerged around 1.1600. Needs to regains 1.1745/50

FX Street

Published date: 3 Sep. 2018 | 10:55

EUR/USD has recovered the positive note on Monday following two consecutive daily pullbacks.
The pair met contention in the 1.1600 neighbourhood so far, while the upside momentum appears underpinned by the 1.1508 level.
Further gains, however, need to surpass the 1.1745/50 band to allow a test of 1.1790 ahead of the mid-1.1800s.

EUR/USD daily chart

Daily high: 1.1626

Daily low: 1.1589

Support Levels

S1: 1.1561

S2: 1.1520

S3: 1.1455

Resistance Levels

R1: 1.1667

R2: 1.1732

R3: 1.1774

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