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9 Jul 2018
EUR/USD Technical Analysis: Euro on the rise into new two-week highs
- The Euro is rising steadily after bottoming out at 1.1526 at the end of June.
- The last major swing high remains as a barrier to confirming a change of overall trend.
- USD traders have flipped to short positions, but position covering could be temporary.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1764 |
| Relative change: | 0.18% |
| High: | 1.1766 |
| Low: | 1.1738 |
| Trend: | Bullish |
| Support 1: | 1.1679 (Friday low) |
| Support 2: | 1.1618 (61.8% Fibo retracement level) |
| Support 3: | 1.1590 (previous week low) |
| Resistance 1: | 1.1766 (current high) |
| Resistance 2: | 1.1819 (2 daily pivot) |
| Resistance 3: | 1.1850 (June 14th high) |