EUR/USD – 29.07.2024
![EUR/USD – 29.07.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/07/29161007/Euro-29.07.2024-750x430.png)
The Euro fell below the support of 1.0860 as the market fell back inside the old triangle formation which could push for a further drop toward 1.0700.
As we see on the chart and as long as the market holds below 1.0870, the downtrend pressure could sustain to head toward the 1.0700 zone.
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 |
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