- 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.
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) |