The Euro fell below the support 1.0860 as prices fell back inside the old triangle formation which could push for a further drop toward the 1.0700 zone.
As we see on the chart and as if prices hold below 1.0870, the downtrend pressure could sustain over market and head toward 1.0700.
Above 1.0900 some strength could gather over the Euro for a further advance with resistance at the 1.0980-99 zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.0800 | 1.0870-1.0900 |
LEVEL2 | 1.0700 | 1.0980-99 |
LEVEL3 | 1.0600 | 1.1140 |
Join our responsible trading community - Open your Orbex account now! |