- EUR/USD got a 20-pip boost as Trump says that: We expect something very positive on trade with Europe.
- EUR/USD found resistance at the 1.1700 figure and remains trapped in today’s range between the 1.1672 and 1.1664 levels.
- The directionality of the pair will likely be dictated by the outcome of the meeting between Trump and Juncker about trade tariffs.
EUR/USD 15-minute chart
Spot rate: 1.1693
Relative change: 0.06%
High: 1.1712
Low: 1.1664
Trend: Neutral
Resistance 1: 1.1700 figure
Resistance 2: 1.1730-1.1740 area, 23.6% Fibonacci retracement mid-April-May bear move, key level.
Resistance 3: 1.1760-1.1795 supply level
Resistance 4: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Support 1: 1.1672 June 27 high
Support 2: 1.1654 current weekly low
Support 3: 1.1640-1.1649 area, key level and July 12 low
Support 4: 1.1600-1.1613 figure and July 13 low
Support 5: 1.1560 June 14 low
Support 6: 1.1508 current 2018 low
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