EUR/USD is up about 30 pips from the daily lows established near 1.1620. EUR/USD is currently trying to regain the 1.1640 key level. A breakout above the daily high near 1.1660 and the 1.1672 resistance level is the next objective for bulls while bears will try hard to resume the bear trend. Supports to the downside are the 1.1640 and 1.1620 levels. Bulls have currently the upper-hand, especially on a close above the current daily high. The bounce is coinciding with the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. EUR/USD 15-minute chart Spot rate: 1.1650 Relative change: 0.07% High: 1.1660 Low: 1.1620 Trend: Bearish / Risk of trend reversal above 1.1730-1.1750 Resistance 1: 1.1649 July 12 low Resistance 2: 1.1672 June 27 high Resistance 3: 1.1700 figure Resistance 4: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, weekly high. Resistance 5: 1.1760-1.1795 supply levels Resistance 6: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1640 key level Support 2: 1.1649 July 12 low Support 3: 1.1600-1.1613 figure and July 13 low Support 4: 1.1560 June 14 low Support 5: 1.1508 current 2018 low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: Glimmers of upside bias – Westpac FX Street 5 years EUR/USD is up about 30 pips from the daily lows established near 1.1620. EUR/USD is currently trying to regain the 1.1640 key level. A breakout above the daily high near 1.1660 and the 1.1672 resistance level is the next objective for bulls while bears will try hard to resume the bear trend. Supports to the downside are the 1.1640 and 1.1620 levels. Bulls have currently the upper-hand, especially on a close above the current daily high. The bounce is coinciding with the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
