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  • 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