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  • EUR/USD main trend is currently facing some headwinds with bulls in the fourth day of consolidation up.
  • EUR/USD is in a bullish channel with the 100 and 200-period simple moving average having a bullish slope. EUR/USD next hurdle is last week  high at 1.1445. Once the level is cleared there is not much resistance all the way up to the 1.1500 figure.
  • A sustained bear breakout below 1.1365 would negate the short-term bullish momentum.

EUR/USD 15-minute chart

Spot rate:             1.1440
Relative change:   0.02%  
High:                    1.1444
Low:                     1.1394

Main trend:                  Bearish  
Short-term trend:         Bullish above 1.1365  

Resistance 1:  1.1445 last week  high
Resistance 2:  1.1483 intraday swing high (August 10)
Resistance 3:  1.1500 figure

Support 1:   1.1430 August 14 high  
Support 2:   1.1400 figure
Support 3:   1.1365 August 13 low
Support 4:   1.1347 intraday swing high (August 15)
Support 5:   1.1300 figure  
Support 6:   1.1250 May 24, 2017 high
Support 7:   1.1178 June 27, 2017 low