As seen last Friday and on our previous chart, the Euro managed to hit a 1.0844 high closing from the target 1.0850.
The market is facing a resistance Triangle Formation around 1.0890-1.0915, which if the market fails to break, another drop toward 1.0700 will be expected.
Above 1.0915 more advance toward 1.1130 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.0775 | 1.0890-1.0915 |
| LEVEL2 | 1.0650-75 | 1.1000 |
| LEVEL3 | 1.0450 | 1.1130 |
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