The EUR uptrend persists and is backed by bullishly aligned trend oscillator signals on the intraday, daily and weekly charts. This implies a solid technical uptrend is playing out and that the EUR will remain well supported on – likely – shallow dips for now. 

Spot is within reach of last week’s 1.0965 high, which equated to a test of the 61.8% retracement resistance from the EUR’s H2 decline. Gains through here target a push on towards 1.11 (76.4% Fibonacci resistance at 1.1080). 

Support is 1.0925 and 1.0875.