Forex Trading Library

EUR/USD – 05.08.2024

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The Euro managed to advance farther above the 1.0870 resistance as the market close in on the second resistance zone around 1.0980-99.

As we see on the chart and as long as the market holds below 1.1000, another drop toward 1.0800 will be expected.

Above 1.1000 more advance will be expected with resistances at 1.1140 and 1.1275.

SUPPORT RESISTANCE
LEVEL1 1.0890 1.1000
LEVEL2 1.0775 1.1140
LEVEL3 1.0665 1.1275

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