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  • The Euro is trading upwards bolstered by a rising trendline.
  • Market risk sentiment is remaining on-balance following the US imposing tariffs on China, but response from China has yet to materialize.
  • Market volatility is promised with US  NFP on the docket for Friday.

EUR/USD Chart, 15-Minute

Spot rate:   1.1690
Relative change:   0.04%
High:   1.1696
Low:   1.1679
   
Trend:   Bullish
   
Support 1:   1.1645 (38.2% Fibo retracement level)
Support 2:   1.1590 (current week low)
Support 3:   1.1526 (technical bottom; two week low)
   
Resistance 1:   1.1719 (current week high)
Resistance 2:   1.1758 (R2 daily pivot)
Resistance 3:   1.1850 (June high)