- EUR/USD was unable to breakout above the daily high at 1.1665 and is now back near the 1.1640 support and just below its 100-period simple moving average.
- EUR/USD bears want to pull away from the current level to retest the 1.1600 level while bulls want to overcome the current daily high and the 1.1672 in order to retest the 1.1700 figure.
- The overall bias remains bearish as EUR/USD is trading below its 200-period simple moving average.
Spot rate: 1.1640
Relative change: -0.18%
High: 1.1665
Low: 1.1602
Trend: Bearish
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 4: 1.1790 last week’s high
Resistance 5: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1640-1.1649 area, key level and July 12 low
Support 2: 1.1600-1.1613 figure and last week’s low
Support 3: 1.1560 June 14 low
Support 4: 1.1508 current 2018 low
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