Forex Trading Library

EUR/USD – 26.07.2024

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As predicted yesterday and as we see on our previous chart, the Euro fell below the support 1.0860 and back inside the old triangle formation which could push for a further drop towards 1.0700.
If prices hold below 1.0870 the downtrend pressure could sustain and head towards the 1.0700 zone.
Above 1.0900 some strength could gather for the Euro with resistance at 1.0980-99.

SUPPORT RESISTANCE
LEVEL1 1.0800 1.0870-1.0900
LEVEL2 1.0700 1.0980-99
LEVEL3 1.0600 1.1140

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