EUR/USD Technical Analysis: Increasing odds for a test of 1.1790

• 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