EUR/USD Technical Analysis: Above 1.1508 could re-test 1.1745/50

• The pair has started the week on a positive footing in the low-1.1600s following Friday’s rejection from the 1.1720 region, coincident with December 2017 lows.
• EUR/USD has returned to the area below the key 100-day SMA, which has been broken on Thursday for the first time since December 2017.
• While above the 1.1500 neighbourhood, the pair remains poised to visit the 1.1745/50 band ahead of the 1.1790 region.

EUR/USD daily charts

Daily high: 1.1641

Daily low: 1.1618

Support Levels

S1: 1.1589

S2: 1.1554

S3: 1.1487

Resistance Levels

R1: 1.1691

R2: 1.1757

R3: 1.1792