The Euro extended advance from daily low at 1.1731 (early European session low) broke above important barriers at 1.1765 (converged 10/20SMA) and 1.1785 (bear-trendline off 02 Aug peak at 1.1910) to dent psychological 1.1800 barrier (also 4-hr clod top).
Close above bear-trendline will be bullish signal with lift above 1.1815 (Fibo 61.8% of 1.1910/1.1662 pullback) seen as confirmation.
Broken 10/20SMA now initial support (1.1765), with 30SMA (1.1687) underpinning and guarding Friday’s low at 1.1662.
EU PMI data on Wednesday and Jackson Hole Thu/Sat meeting are the key events this week.
Res: 1.1815; 1.1846; 1.1889; 1.1910
Sup: 1.1765; 1.1731; 1.1708; 1.1687
