EUR/USD managed to trade above the former daily high established in the European session at 1.1660 but they haven’t been able to create a meaningful breakout above the level yet. The bullish pressure is currently strong and next week, the bulls objective is likely to breakout above the 1.1672 and 1.1700 resistances. On the other hand, failure to recapture 1.1672 would be seen as a sign of bullish weakness and bears would likely double up their efforts in trying to resume the bear trend. EUR/USD 15-minute chart Spot rate: 1.1656 Relative change: 0.12% High: 1.1663 Low: 1.1620 Trend: Bearish / Bullish pullback / 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: 1.1640-1.1649 key level and July 12 low Support 2: 1.1600-1.1613 figure and July 13 low Support 3: 1.1560 June 14 low Support 4: 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 US: Tariffs cast a cloud over the economic outlook – Wells Fargo FX Street 5 years EUR/USD managed to trade above the former daily high established in the European session at 1.1660 but they haven't been able to create a meaningful breakout above the level yet. The bullish pressure is currently strong and next week, the bulls objective is likely to breakout above the 1.1672 and 1.1700 resistances. On the other hand, failure to recapture 1.1672 would be seen as a sign of bullish weakness and bears would likely double up their efforts in trying to resume the bear trend. EUR/USD 15-minute chart Spot rate: 1.1656 Relative change:… 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.
