6 Jul 2018
EUR/USD Technical Analysis: Euro still beneath the 1.17 level, but still holding bullish
- 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) |