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26 Jun 2018
EUR/USD Technical Analysis: the Euro is laddering up a trendline above 1.17
- The Euro is drifting higher despite trade concerns knocking the Asia session back, buyers could get caught by surprise if risk appetite takes a turn for Tuesday.
- A short-term rising trendline is propping up prices from last week's last swing low while hourly indicators lean on the overbought side.
- This week sees a quiet first half with a thin economic calendar, though data becomes higher-tier for Thursday and Friday.
EUR/USD Chart, 15-Minute
| Spot rate: | 1.1716 |
| Relative change: | 0.12% |
| High: | 1.1720 |
| Low: | 1.1699 |
| Trend: | Bullish |
| Support 1: | 1.1675 (June 22nd high) |
| Support 2: | 1.1628 (current week low) |
| Support 3: | 1.1565 (S3 daily pivot) |
| Resistance 1: | 1.1740 (mid-June previous support) |
| Resistance 2: | 1.1768 (R2 daily pivot) |
| Resistance 3: | 1.1821 (R3 daily pivot) |