- The Euro is rising steadily after bottoming out at 1.1526 at the end of June.
- The last major swing high remains as a barrier to confirming a change of overall trend.
- USD traders have flipped to short positions, but position covering could be temporary.
Spot rate: | 1.1764 |
Relative change: | 0.18% |
High: | 1.1766 |
Low: | 1.1738 |
Trend: | Bullish |
Support 1: | 1.1679 (Friday low) |
Support 2: | 1.1618 (61.8% Fibo retracement level) |
Support 3: | 1.1590 (previous week low) |
Resistance 1: | 1.1766 (current high) |
Resistance 2: | 1.1819 (2 daily pivot) |
Resistance 3: | 1.1850 (June 14th high) |