Forex Trading Library

EUR/USD – 14.08.2024

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The Euro managed to pass above the 1.1000 level which could give a push for more advance.

The Intraday levels show a possible uptrend channel which could have resistance around 1.1030-50 and support at 1.0890. A trading zone could occur at those levels before continuing toward 1.1140 and above as we await the US Inflation figures today.

Below 1.0890, more of a drop to test the channel support around 1.0820 could hit the market before advancing over the Euro.

SUPPORT RESISTANCE
LEVEL1 1.0890 1.1030-50
LEVEL2 1.0820 1.1140
LEVEL3 1.0775 1.1275

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