The EURUSD pair has again been contained by the 61.8 Fibonacci retracement level, at 1.1815, with price action continuing to print bearish lower daily high’s, just below the current weekly price high.
Despite the euro’s latest bullish move above the 1.1800 level, the pair still remains somewhat cautious ahead of the Jackson Hole symposium.
The EURUSD pair remains bullish in the short-term, while trading above the daily pivot point, found at the 1.1792 level.
Key technical support below the 1.1792 level is located at the 200-week MA, at 1.1783. Critical intraday support is found at 1.1769, with further support below, at 1.1731.
To the upside, 1.1818 is the current daily price high, with resistance found at 1.1847 and 1.1858. The 1.1900 level remains critical technical resistance above the 1.1858 level.
