TECHNICAL ANALYSIS BY NSFX 25.07.2015
The pair could not close above its 21SMA but there was relevant bullish activity in area 1.0820. Just below this level there is the demand line generated from the March low. In case this dynamic support will fail EurUsd might test the parity. A breakout above the 21SMA might lift the the rate to test its supply line and the 200SMA in area 1.125. The most relevant resistance should be at 1.1482 because this price level is the higher band of a 6 month trading range.