EUR/USD is currently in a bullish consolidation phase as the market is testing 1.1672, the June 27 high. If the market fails to contain the price below the level the next resistance is located at the 1.1700 figure. EUR/USD has been trading in a bear channel throughout the week and the price is currently being capped by the 200-period simple moving average. Bears objective is to initially regain the weekly lows at 1.1613 to then target the 2018 low at 1.1508. EUR/USD 15-minute chart Spot rate: 1.1662 Relative change: -0.08% High: 1.1676 Low: 1.1613 Trend: Bearish Resistance 1: 1.1672 June 27 high Resistance 2: 1.1700 figure Resistance 3: 1.1720-1.1730-1.1740 area, June 26 high, 23.6% Fibonacci retracement from mid-April-May bear move and weekly open. Resistance 4: 1.1775 supply level Resistance 5: 1.1800 figure 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 area, key level and July 12 low Support 2: 1.1613 current weekly low Support 3: 1.1600 figure Support 4: 1.1560 June 14 low Support 5: 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 NY Fed: GDP Nowcast steady at 2.8% for Q2 and 2.6% for Q3 FX Street 5 years EUR/USD is currently in a bullish consolidation phase as the market is testing 1.1672, the June 27 high. If the market fails to contain the price below the level the next resistance is located at the 1.1700 figure. EUR/USD has been trading in a bear channel throughout the week and the price is currently being capped by the 200-period simple moving average. Bears objective is to initially regain the weekly lows at 1.1613 to then target the 2018 low at 1.1508. EUR/USD 15-minute chart Spot rate: 1.1662 Relative change: -0.08%… 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.
