- EUR/USD is navigating the upper end of the prevailing range above 1.1600 the figure, although it faces strong resistance in the mid-1.1600s for the time being.
- Immediate target remains the 1.1650/60 band, where also coincides the base of the daily cloud.
- A surpass of this area on a convincing fashion could open the door for a test of the critical hurdle at 1.1745/50 ahead of 1.1790.
- In the meantime, the positive stance should remain as long as spot trades above the 1.1500 neighbourhood.
Daily high: 1.1643
Daily low: 1.1616
Support Levels
S1: 1.1580
S2: 1.1535
S3: 1.1500
Resistance Levels
R1: 1.1661
R2: 1.1696
R3: 1.1741
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