Euro, after finding strong support around the 6/8 Murray level, made a technical rebound and is now reaching resistance levels around the 8/8 Murray level. This level is likely to prove a strong barrier as it coincides with the top of the downtrend channel.

If the euro consolidates below 1.1730 in the coming hours, this will be seen as a selling opportunity, with targets at 1.1657 and possibly eventually reaching the 200 EMA around 1.1616.

A sharp break above 1.1730 could give us a bullish outlook for the euro, potentially reaching 1.1779, and ultimately climbing to the +2/8 Murray at 1.1840.

The Eagle indicator has reached strong overbought levels, so we will look for opportunities to sell the euro in the coming days, with targets at 1.1596 and possibly even reaching the psychological level of 1.1500.

Key resistances for the coming hours are 1.1730, 1.1779, and finally 1.1840. Immediate supports are located at 1.1685, 1.1651, 1.1616 and 1.1584, the latter representing the bottom of the downtrend channel.