EUR/USD Technical Analysis: Support emerged around 1.1600. Needs to regains 1.1745/50

• EUR/USD has recovered the positive note on Monday following two consecutive daily pullbacks.
• The pair met contention in the 1.1600 neighbourhood so far, while the upside momentum appears underpinned by the 1.1508 level.
• Further gains, however, need to surpass the 1.1745/50 band to allow a test of 1.1790 ahead of the mid-1.1800s.

EUR/USD daily chart

Daily high: 1.1626

Daily low: 1.1589

Support Levels

S1: 1.1561

S2: 1.1520

S3: 1.1455

Resistance Levels

R1: 1.1667

R2: 1.1732

R3: 1.1774