EUR/USD Technical Analysis: Attempting some consolidation near 1.1700

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  • EUR/USD is now extending the sideline theme in the upper-1.1600s although still remains unable to move further north of the 1.1700 handle in a convincing way, let alone test the tough hurdle in the 1.1745/50 band.
  • Above this resistance band lies 1.1790 ahead of the more relevant barrier at June’s peak at 1.1853.
  • As long as 1.1508 holds, the constructive bias should persist. On the downside, interim support aligns at the 21-day SMA at 1.1638 seconded by the short-term support line, today at 1.1625.

EUR/USD daily chart


	EUR/USD Technical Analysis: Attempting some consolidation near 1.1700

Daily high: 1.1701

Daily low: 1.1669

Support Levels

S1: 1.1643

S2: 1.1614

S3: 1.1578

Resistance Levels

R1: 1.1709

R2: 1.1745

R3: 1.1774

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