- The pair is adding to yesterday’s gains above 1.1600 the figure after bottoming out in the vicinity of the key support at 1.1508.
- EUR/USD is now flirting with the key 10-day SMA and 55-day SMA at 1.1621 and 1.1613, respectively.
- As long as 1.1508 underpins, another visit to the 1.1745/50 band should remain in place for the time being.
- If cleared, the 1.1790 zone will be the last defence for a visit to June’s peak at 1.1853.
Daily high: 1.1629
Daily low: 1.1577
Support Levels
S1: 1.1541
S2: 1.1488
S3: 1.1450
Resistance Levels
R1: 1.1631
R2: 1.1669
R3: 1.1722
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