EUR/USD Technical Analysis: Remains on consolidation, supported by 1.1650

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  • The EUR/USD pair found support at 1.1650 and bounced to the upside, holding in a consolidation range, moving sideways in the short-term.
  • A break under 1.1650 could change the short-term bias to the downside, exposing 1.1600 (before that level, support is seen at 1.1625). 
  • As long as EUR/USD holds above 1.1650 (horizontal level and short-term uptrend line) another test of 1.1720 could take place. Above the next strong barrier is seen at 1.1745/50, a medium-term resistance that if broken would clear the way to more gains. 

EUR/USD 15-minute chart


	EUR/USD Technical Analysis: Remains on consolidation, supported by 1.1650

Daily high: 1.1714
Daily low: 1.1649

Support Levels

S1: 1.1650
S2: 1.1620
S3: 1.1605

Resistance Levels

R1: 1.1690
R2: 1.1725
R3: 1.1750

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