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  • The Euro is consolidating on the bullish side, being driven by a rising trendline.
  • Thursday sees little EUR data, but the upcoming US session has Jobless Claims and FOMC Meeting Minutes.
  • The EUR/USD has struggled to lift from 2018’s lows, and a bullish long-term trend remains to be seen.

EUR/USD Chart, 1-Hour

Spot rate:   1.1670
Relative change:   0.13%
High:   1.1672
Low:   1.1650
   
Trend:   Bullish
   
Support 1:   1.1630 (previous day low)
Support 2:   1.1591 (current week low)
Support 3:   1.1508 (one month low; technical bottom)
   
Resistance 1:   1.1688 (current week high)
Resistance 2:   1.1720 (June 26th swing high)
Resistance 3:   1.1851 (June high)