- With this Thursday’s bull move the EUR/USD main bear trend is slowly switching to bullish as the bulls are breaking above 1.1750 and the 100-day simple moving average.
- EUR/USD main objective is to keep the market above the 1.1750 July resistance in order to reach 1.1800 figure and 1.1853 June 14 high.
- EUR/USD is trading above its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics are in bull mode, indicating that the bull trend is here to stay.
Spot rate: 1.1768
Relative change: 0.83%
High: 1.1770
Low: 1.1668
Main trend: Bullish
Resistance 1: 1.1750 key resistance (July)
Resistance 2: 1.1800 figure
Resistance 3: 1.1853 June 14 high
Support 1: 1.1722 last week high
Support 2: 1.1654 August 27 high
Support 3: 1.1630 August 8 high key level
Support 4: 1.1600 figure
Support 5: 1.1572 July 19 low
Support 6: 1.1542 supply/demand level
Support 7: 1.1530 August 23 swing low
Support 8: 1.1508 June 8 low
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