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  • The pair remains bid so far this week and should keep intact its chances of a test of, initially, the 1.1745/50 band of 1.1790.
  • A surpass of this area should pave the way for a continuation of the up move to June’s peak at 1.1853.
  • The constructive bias in EUR/USD is expected to remain in place as long as 1.1508 underpins.

EUR/USD daily chart

 

 

 

 

 

 

 

Daily high: 1.1706

Daily low: 1.1653

Support Levels

S1: 1.1565

S2: 1.1609

S3: 1.1638

Resistance Levels

R1: 1.1710

R2: 1.1754

R3: 1.1783