EUR/USD Technical Analysis: EUR/USD break above last week high as Trump complain about Fed’s interest rate hikes

  • EUR/USD bearish trend is having a bullish pullback. EUR/USD broke above last week high as US President Donald Trump said to complain about Fed's Powell raising rates. USD weakness was broad-based.
  • EUR/USD is in a bullish channel with the main target at 1.1506 June 21 low. 
  • A sustained bear breakout below 1.1365 would invalidate the current bullish move.

EUR/USD 15-minute chart


Spot rate:             1.1461
Relative change:   0.02%  
High:                    1.1464
Low:                     1.1394

Main trend:                  Bearish 
Short-term trend:         Bullish above 1.1365 

Resistance 1:  1.1483 intraday swing high (August 10)
Resistance 2:  1.1506 June 21 low
Resistance 3:  1.1572 July 19 low


Support 1:   1.1445 last week high
Support 2:   1.1430 August 14 high 
Support 3:   1.1400 figure
Support 4:   1.1365 August 13 low
Support 5:   1.1347 intraday swing high (August 15)
Support 6:   1.1300 figure 
Support 7:   1.1250 May 24, 2017 high
Support 8:   1.1178 June 27, 2017 low

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Additional comments from Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, are crossing the wires with key quotes, via Reuters, fo
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USD/JPY Technical Analysis: USD bulls left in the cold - USD/JPY dropping towards 110.10 level

USD/JPY daily chart Spot rate:                 110.31 Relative change:      -0.17%      High:                        110.70 Low:              
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