EUR/USD Technical Analysis: EUR/USD ripe for a small pullback towards 1.1700 figure

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  • EUR/USD is switching from a bearish to bullish trend. 
  • EUR/USD is currently consolidating the recent gains as the bears are trying to push EUR/USD below 1.1750 key level. The market is set to trade down towards 1.1722 (last week high) and 1.1700 figure. 
  • The main trend remains bullish so investors will consider pullback down as buying opportunities.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: EUR/USD ripe for a small pullback towards 1.1700 figure

Spot rate:             1.1753
Relative change:   -0.20%  
High:                    1.1802
Low:                     1.1750

Main trend:                    Bullish

Resistance 1:   1.1800 figure
Resistance 2:   1.1853 June 14 high
Resistance 3:   1.1900 figure

Support 1:   1.1750 key resistance (July)
Support 2:   1.1722 last week high
Support 3:   1.1654 August 27 high
Support 4:   1.1630 August 8 high key level
Support 5:   1.1600 figure
Support 6:   1.1572 July 19 low
Support 7:   1.1542 supply/demand level
Support 8:   1.1530 August 23 swing low
Support 9:   1.1508 June 8 low

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