5 Jul 2018
EUR/USD Technical Analysis: Euro clawing for 1.17 ahead of Thursday's FOMC minutes
- The Euro is consolidating on the bullish side, being driven by a rising trendline.
- Thursday sees little EUR data, but the upcoming US session has Jobless Claims and FOMC Meeting Minutes.
- The EUR/USD has struggled to lift from 2018's lows, and a bullish long-term trend remains to be seen.
EUR/USD Chart, 1-Hour
| Spot rate: | 1.1670 |
| Relative change: | 0.13% |
| High: | 1.1672 |
| Low: | 1.1650 |
| Trend: | Bullish |
| Support 1: | 1.1630 (previous day low) |
| Support 2: | 1.1591 (current week low) |
| Support 3: | 1.1508 (one month low; technical bottom) |
| Resistance 1: | 1.1688 (current week high) |
| Resistance 2: | 1.1720 (June 26th swing high) |
| Resistance 3: | 1.1851 (June high) |