EUR/USD Technical Analysis: Euro grinds higher challenging daily highs near 1.1700

• EUR/USD is currently testing the daily highs near 1.1702. A sustained breakout can lead to a test of the 1.1730 level, which is the 23.6% Fibonacci retracement from the mid-April-May bear move.
• A failure above 1.1700 can lead to a pullback to 1.1670 previous intraday swing low.

EUR/USD 15-min chart

Spot rate:              1.1698
Relative change:   0.36%  
High:                     1.1702
Low:                      1.1628

Trend: Bullish

Resistance 1: 1.1700 figure
Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1800 figure

Support 1: 1.1670 intraday swing low
Support 2: 1.1644 supply/demand level
Support 3: 1.1600 figure