EUR/USD Technical Analysis: EUR/USD floating above 1.1640 level

• EUR/USD managed to trade above the former daily high established in the European session at 1.1660 but they haven’t been able to create a meaningful breakout above the level yet.
• The bullish pressure is currently strong and next week, the bulls objective is likely to breakout above the 1.1672 and 1.1700 resistances.
• On the other hand, failure to recapture 1.1672 would be seen as a sign of bullish weakness and bears would likely double up their efforts in trying to resume the bear trend. 

EUR/USD 15-minute chart 

Spot rate:              1.1656
Relative change:    0.12%  
High:                     1.1663
Low:                      1.1620

Trend:                   Bearish / Bullish pullback / Risk of trend reversal above 1.1730-1.1750

Resistance 1: 1.1649 July 12 low 
Resistance 2: 1.1672 June 27 high
Resistance 3:  1.1700 figure
Resistance 4: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, weekly high.
Resistance 5: 1.1760-1.1795 supply levels
Resistance 6: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1: 1.1640-1.1649 key level and July 12 low 
Support 2: 1.1600-1.1613 figure and July 13 low
Support 3: 1.1560 June 14 low
Support 4: 1.1508 current 2018 low