- EUR/USD bears are keeping the pressure on the single currency.
- EUR/USD is trading below its 50, 100 and 200-period simple moving average as the market is consolidating the recent losses near the 1.1600 level. In this context, EUR/USD is set to decline further and test 1.1530.
- However, a breakout above 1.1630 might lead to a bullish reversal.
Spot rate: 1.1620
Relative change: -0.13%
High: 1.1625
Low: 1.1573
Main trend: Bullish
Short-term trend: Bearish below 1.1630
Resistance 1: 1.1630 August 8 high key level
Resistance 2: 1.1654 August 27 high
Resistance 3: 1.1723 September 24 low
Resistance 4: 1.1750 key level (July)
Resistance 5: 1.1800 figure
Resistance 6: 1.1853 June 14 high
Resistance 7: 1.1900 figure
Support 1: 1.1600 figure
Support 2: 1.1572 July 19 low
Support 3: 1.1542 supply/demand level
Support 4: 1.1530 August 23 swing low
Support 5: 1.1508 June 8 low