The Euro managed to break above 1.0915 today which could set off another advance as previously predicted.
As we see on the daily chart, prices now face a 1.0860 support level. If prices hold above it then the advance wave could move toward 1.1140 and above.
Intraday levels will face resistance around the 1.0980-99 zone which could push for a correction before advancing toward 1.1140.
Below 1.0860 more of a drop toward 1.0700 could hit the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.0860 | 1.0980-99 |
LEVEL2 | 1.0700 | 1.1140 |
LEVEL3 | 1.0600 | 1.1275 |
Join our responsible trading community - Open your Orbex account now! |