EUR/USD Technical Analysis: Euro awarded by 80-pip boost as Trump condemns interest rate hikes - Trading near 1.1670

• EUR/USD is having an 80-pip jump as US President Donald Trump said he was not thrilled about interest rate hikes. US Pres. Trump worries that higher rates would 'nullify' work his administration has done - CNBC
• EUR/USD is now testing the 1.1672 resistance, the June 27 high and is trading well above its 200-period simple moving average as bulls broke to new daily high.
• A breakout above the daily high is seen as a sign of strength for bulls and would likely open the gates to a test of the 1.1700 figure.

EUR/USD 15-minute chart

Spot rate:              1.1670
Relative change:    0.27%  
High:                     1.1678
Low:                      1.1574

Trend:                   Bullish

Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 4: 1.1790 last week’s high
Resistance 5: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1: 1.1640-1.1649 area, key level and July 12 low 
Support 2: 1.1600-1.1613 figure and last week's low 
Support 3: 1.1560 June 14 low
Support 4: 1.1508 current 2018 low
Support 5: 1.1400 figure