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  • 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.

EUR/USD Chart, 15-Minute

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)