Search ForexCrunch
  • EUR/USD bullish pressure remains unabated after the London close. 
  • The level to beat for bulls is the 1.1471 resistance.

EUR/USD weekly chart 

EUR/USD is reversing up sharply from 34-month lows as the spot is virtually erasing the 2019 losses in about three weeks of trading. There are no signs that the spot might slow down and a spike to the 2019 highs in the 1.1569/1.6000 price zone remains on the cards.

EUR/USD four-hour chart

EUR/USD is pressuring the 1.1471 resistance as the London session came to an end. As the bulls remain in control EUR/USD has room to climb towards the 1.1518 and 1.1566 price levels. Support can emerge near the 1.1400/1.1363 price zone and 1.1300 figure, according to the Technical Confluences Indicator.   
Resistance: 1.1471, 1.1518, 1.1566
Support: 1.1400, 1.1363, 1.1300

Additional key levels