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  • The Euro is drifting higher despite trade concerns knocking the Asia session back, buyers could get caught by surprise if risk appetite takes a turn for Tuesday.
  • A short-term rising trendline is propping up prices from last week’s last swing low while hourly indicators lean on the overbought side.
  • This week sees a quiet first half with a thin economic calendar, though data becomes higher-tier for Thursday and Friday.

EUR/USD Chart, 15-Minute

Spot rate:   1.1716
Relative change:   0.12%
High:   1.1720
Low:   1.1699
   
Trend:   Bullish
   
Support 1:   1.1675 (June 22nd high)
Support 2:   1.1628 (current week low)
Support 3:   1.1565 (S3 daily pivot)
   
Resistance 1:   1.1740 (mid-June previous support)
Resistance 2:   1.1768 (R2 daily pivot)
Resistance 3:   1.1821 (R3 daily pivot)