EUR/USD Technical Analysis: Spot flirts with the base of the daily cloud near 1.1650

• EUR/USD is navigating the upper end of the prevailing range above 1.1600 the figure, although it faces strong resistance in the mid-1.1600s for the time being.
• Immediate target remains the 1.1650/60 band, where also coincides the base of the daily cloud.
• A surpass of this area on a convincing fashion could open the door for a test of the critical hurdle at 1.1745/50 ahead of 1.1790.
• In the meantime, the positive stance should remain as long as spot trades above the 1.1500 neighbourhood.

EUR/USD daily chart

Daily high: 1.1643

Daily low: 1.1616

Support Levels

S1: 1.1580

S2: 1.1535

S3: 1.1500

Resistance Levels

R1: 1.1661

R2: 1.1696

R3: 1.1741