- EUR/USD bearish trend is having a bullish pullback. EUR/USD broke above last week high as US President Donald Trump said to complain about Fed’s Powell raising rates. USD weakness was broad-based.
- EUR/USD is in a bullish channel with the main target at 1.1506 June 21 low.
- A sustained bear breakout below 1.1365 would invalidate the current bullish move.
Spot rate: 1.1461
Relative change: 0.02%
High: 1.1464
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
Share
