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16 Jul 2018
EUR/USD Technical Analysis: Euro knocks into 1.17 as bulls continue to push Friday's momentum
- Euro catching some bids ahead of Monday's London market session, clipping into the 1.17 major level as low-tier EU data for the day leaves the US Retail Sales figures due later in the driver's seat.
- Risk appetite reversed flows late last week, and bulls are capitalizing on an extension of bullish momentum, but Daily chart swing highs remain in a sequential lower-high pattern, and a full bullish reversal has yet to materialize.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1701 |
| Relative change: | 0.12% |
| High: | 1.1702 |
| Low: | 1.1675 |
| Trend: | Bullish |
| Support 1: | 1.1675 (current day low) |
| Support 2: | 1.1612 (previous week low) |
| Support 3: | 1.1590 (two-week low) |
| Resistance 1: | 1.1722 (61.8% Fibo retracement level) |
| Resistance 2: | 1.1758 (June 11th swing high) |
| Resistance 3: | 1.1790 (previous week high) |