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 |
Join our responsible trading community - Open your Orbex account now! |