- EUR/USD bulls are challenging the bear trend as they are lifting the market almost to 1.1506, June 21 low
- EUR/USD is trading at the top of a bullish channel and the 50-period simple moving average (SMA) has crossed above the 100 SMA further confirming the short-term bullish bias. EUR/USD is now parked near 1.1483 resistance level. The next target is 1.1506 and then 1.1572 July 19 low.
- A sustained bear breakout below 1.1365 would negate the bullish bias.
EUR/USD 15-minute chart
Spot rate: 1.1486
Relative change: 0.46%
High: 1.1486
Low: 1.1394
Main trend: Bearish
Short-term trend: Bullish above 1.1365
Resistance 1: 1.1483 intraday swing high (August 10)
Resistance 2: 1.1506 June 21 low
Resistance 3: 1.1572 July 19 low
Support 1: 1.1445 last week high
Support 2: 1.1430 August 14 high
Support 3: 1.1400 figure
Support 4: 1.1365 August 13 low
Support 5: 1.1347 intraday swing high (August 15)
Support 6: 1.1300 figure
Support 7: 1.1250 May 24, 2017 high
Support 8: 1.1178 June 27, 2017 low
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