- Euro catching some bids ahead of Monday’s London market session, clipping into the 1.17 major level as low-tier EU data for the day leaves the US Retail Sales figures due later in the driver’s seat.
- Risk appetite reversed flows late last week, and bulls are capitalizing on an extension of bullish momentum, but Daily chart swing highs remain in a sequential lower-high pattern, and a full bullish reversal has yet to materialize.
Spot rate: | 1.1701 |
Relative change: | 0.12% |
High: | 1.1702 |
Low: | 1.1675 |
Trend: | Bullish |
Support 1: | 1.1675 (current day low) |
Support 2: | 1.1612 (previous week low) |
Support 3: | 1.1590 (two-week low) |
Resistance 1: | 1.1722 (61.8% Fibo retracement level) |
Resistance 2: | 1.1758 (June 11th swing high) |
Resistance 3: | 1.1790 (previous week high) |