• RES 4: 1.1055 1.236 projection of the Apr 16 - Jun 4 - 26 price swing   
• RES 3: 1.0981 High Mar 8 and a key resistance 
• RES 2: 1.0964 High Mar 13
• RES 1: 1.0897/0948 High Jul 23 / 17 and the bull trigger 
• PRICE: 1.0860 @ 15:28 BST Jul 26
• SUP 1: 1.0826 Low Jul 25
• SUP 2: 1.0815 50-day EMA 
• SUP 3: 1.0774 61.8% retracement of the Jun 26 - Jul 17 bull phase 
• SUP 4: 1.0733 76.4% retracement of the Jun 26 - Jul 17 bull phase

EURUSD is trading closer to its recent lows and a bear cycle remains in play. The move down appears to be a correction. The 20-day EMA, has been cleared and this has exposed a firmer level at 1.0816, the 50-day EMA. A clear breach of the average would signal scope for a deeper retracement. For bulls, a reversal higher would highlight the end of the corrective cycle and open the key resistance and bull trigger at 1.0948, the Jul 17 high.