EUR/USD Technical Analysis: Euro spins in place ahead of tense G7 summit

• Euro continues to test the upper limits of a rising channel.
• Minor pullback for the last half of Thursday sees hourly indicators mixed as slow stochastics outrun the MACD.
• Traders are beginning to spread their bets ahead of the G7 summit.

EUR/USD Chart, 1-Hour

Spot rate: 1.1805
Relative change: 0.06%
High: 1.1810
Low: 1.1791

Trend: Bullish

Support 1: 1.1784 (50-hour EMA)
Support 2: 1.1772 (June 7th low)
Support 3: 1.1737 (June 4th rejection zone)

Resistance 1: 1.1839 (June 7th high)
Resistance 2: 1.1900 (major psychological level)
Resistance 3: 1.1996 (one month high)