• RES 4: 1.0916 High Jun 04 and the bull trigger
• RES 3: 1.0852 High High Jun 12
• RES 2: 1.0820 61.8% retracement of the Jun 4 - 26 downleg  
• RES 1: 1.0817 High Jul 3
• PRICE: 1.0807 @ 16:21 BST Jul 3
• SUP 1: 1.0710/0666 Low Jul 2 / Low Jun 26 and the bear trigger 
• SUP 2: 1.0650 Low May 1
• SUP 3: 1.0601 Low Apr 16 and a key support
• SUP 4: 1.0568 Low Nov 2  

EURUSD traded higher Wednesday and in the process breached Monday’s peak of 1.0776. Note that price is also through an important resistance at 1.0770, the 50-day EMA. A clear break of this EMA would undermine the recent bearish theme and signal scope for a recovery towards 1.0820, 61.8% of the Jun 4 - 26 downleg. For bears, a resumption of weakness would refocus attention on the bear trigger at 1.0666, Jun 26 low.