EURUSD – 10 SMA continues to cap recovery attempts

The Euro is slightly bid in early Thursday’s trading and holding around 1.1600 handle, but so far without significant upside action.
Key barriers at 1.1618/22 (10SMA / Tenkan-sen) are still capping, with break here needed to generate bullish signal for further advance.
Broken bearish flag support line at 1.1648 and broken H&S pattern neckline at 1.1674 are next barriers which guard pivotal 1.1700 resistance zone.
Break here is needed to signal reversal.
On the downside, Fibo support at 1.1510 remains as near-term target, with bearish daily studies keeping focus shifted lower.
No important releases from the Eurozone scheduled today and the single currency is expected to mainly driven by techs.

Res:  1.1622; 1.1648; 1.1674; 1.1690
Sup:  1.1580; 1.1553; 1.1510; 1.1445