- EUR/USD main bear trend is switching to bullish as EUR/USD is trading above its 100-day simple moving average and above the 1.1750 key level.
- EUR/USD is trading above rising and widening 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics indicators are constructive for more gains. The bull trend line (green) remains supportive for further gains as well.
- The next resistance to overcome for bulls is 1.1800 figue. Once this is broken to the upside the next target becomes 1.1853 (June 14 high) and the 1.1900 figure. A bear breakout below 1.1530 would invalidate the bullish bias.
Spot rate: 1.1777
Relative change: 0.24%
High: 1.1791
Low: 1.1730
Main trend: Bullish
Resistance 1: 1.1800 figure
Resistance 2: 1.1853 June 14 high
Resistance 3: 1.1900 figure
Support 1: 1.1750 key resistance (July)
Support 2: 1.1722 last week high
Support 3: 1.1654 August 27 high
Support 4: 1.1630 August 8 high key level
Support 5: 1.1600 figure
Support 6: 1.1572 July 19 low
Support 7: 1.1542 supply/demand level
Support 8: 1.1530 August 23 swing low
Support 9: 1.1508 June 8 low
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