The Euro is consolidating strong gains from the previous day, after rally of British pound dragged the single currency.
Thin daily cloud (1.1662/1.1678) also attracts fresh bulls for break higher and attack at falling 100SMA (1.1710) and 28 Aug high (1.1733). Meanwhile, corrective easing may precede, as 14-d momentum turned south and created bear-cross with its 7SMA.
Initial support lays at 1.1615 (session low/55SMA), followed by 1.1600 (hourly Kijun-sen/55SMA), where dips should find support to keep fresh bulls intact. Loss of 1.1600 handle would delay bulls and risk retest of 1.1568 pivot (30SMA/Fibo 38.2% of 1.1300/1.1733 ascend).
Res: 1.1642, 1.1662, 1.1678, 1.1718
Sup: 1.1615, 1.1600, 1.1568, 1.1546
