- EUR/USD was well-bid throughout the week and broke above the key 1.1730 level, which is the 23.6% Fibonacci retracement from the mid-April-May bear move.
- If the bulls can keep the momentum going next week, the targets to the upside are likely located near the 1.1800 figure and 1.1854, the 38.2% Fibonacci retracement from the mid-April-May bear move.
Spot rate: 1.1743
Relative change: 0.47%
High: 1.1768
Low: 1.1680
Trend: Bullish
Resistance 1: 1.1800 figure
Resistance 2: 1.1854, 38.2% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1900 figure
Support 1: 1.1700-1.1730, figure and 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1672 June 27 high
Support 3: 1.1640 supply/demand level
Support 4: 1.1600 figure
Support 5: 1.1560 June 14 low
Support 6: 1.1527 last week’s low
Support 7: 1.1508 current 2018 low
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