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- EUR/USD extends gains in to the European session, rebounding sharply from session lows by 1.0930 to hit 1.0960
- Profit-taking on the U.S. dollar's recent out-performance helped the euro pare declines
- The weight of Greek troubles on the euro also eased after area banks finally reopened this week
- At the time of writing EUR/USD has pared some of its gains and is currently trading at 1.9436
- Price action could extend to the cloud base at 1.0994, immediate resistance lies at 1.0963 (Daily High Jul 16)
Resistance Levels:
R1: 1.0963 (Daily High Jul 16)
R2: 1.0963 (10 DMA, Jul 21 High)
R3: 1.0994 (Daily Cloud Base)
Support Levels:
S1: 1.0808 (Daily Low Jul 20)
S2: 1.0785 (Daily Low Apr 24)
S3: 1.0744 (76.4% Fibo of 1.0521 - 1.1468)
