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

• EUR/USD is extending the recovery and it has briefly tested the 1.1700 barrier and above earlier in the session.
• Immediate target remains at the 1.1745/50 band ahead of the 1.1790 region. A surpass above this area should open the door for a visit to June’s peak at 1.1853.
• In the broader picture, spot keeps the constructive view as well as the 1.1500 neighbourhood holds.

EUR/USD daily chart

Daily high: 1.1718

Daily low: 1.1666

Support Levels

S1: 1.1635

S2: 1.1586

S3: 1.1554

Resistance Levels

R1: 1.1716

R2: 1.1748

R3: 1.1797