Since early June, the September euro FX futures kept drawing support from a Gann fan line rising and extended Tuesday' s gains to a 12-day high at the US open. It touched the 21-day moving average for the first time in three weeks. Only a close above this average would signal further strength. The short-term outlook is slightly bullish. The medium-term outlook is sideways. The long-term outlook remains bearish.

Initial resistance is at 1.2850. Further resistance is at 1.2898 from the 100-day moving average. The 21-day moving average supports at 1.2795. The next support is 1.2745. Tuesday' s low is 1.2623. A pivot low is at 1.2587.