EUR/USD Technical Analysis: EUR/USD bullish surprise sees Euro above 1.1650 level

• EUR/USD bulls surprised bears as they manage to create a bullish reversal from the 1.1600 figure. Buyers have now surpassed the 1.1650 psychological level and the 50 and 100-period simple moving average. 
• A bull breakout above the current daily high at 1.1665 would be seen as strongly bullish. Scaling points to the upside are likely located near 1.1677 and the 1.1700 figure. 

EUR/USD 15-minute chart

Spot rate:              1.1659
Relative change:   -0.02%  
High:                     1.1665
Low:                      1.1602

Trend: Neutral to bullish

Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open.
Resistance 4: 1.1790 last week’s high
Resistance 5: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move

Support 1: 1.1640-1.1649 area, key level and July 12 low 
Support 2: 1.1600-1.1613 figure and last week's low 
Support 3: 1.1560 June 14 low
Support 4: 1.1508 current 2018 low