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  • 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.

EUR/USD Chart, 15-Minute

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)