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  • EUR/USD is starting the week building on last week’s bullish momentum as it gained about 40 pips to the upside at the start of the American session.
  • EUR/USD bulls next target to the upside might be located in the 1.1851-1.1854 area which is the June high and the 38.2% Fibonacci retracement from the mid-April-May bear move.
  • Near-term supports are seen near 1.1774 intraday demand level and 1.1742 open of the week.  

 EUR/USD 15-minute chart  

Spot rate:              1.1784
Relative change:   0.34%  
High:                     1.1791
Low:                      1.1740

Trend: Bullish

Resistance 1: 1.1800 figure
Resistance 2: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1900 figure

Support 1: 1.1742-1.1774 area, open of the week and intraday demand level.
Support 2 1.1700-1.1730, figure and 23.6% Fibonacci retracement from mid-April-May bear move
Support 3: 1.1672 June 27 high
Support 4: 1.1640 supply/demand level
Support 5: 1.1600 figure
Support 6: 1.1560 June 14 low
Support 7: 1.1508 current 2018 low