Forex Trading Library

EUR/USD – 16.08.2024

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The Euro managed to test the resistance zone of 1.1030-50 while still holding inside an uptrend channel.

The Intraday levels show a possible uptrend channel which could have resistance at 1.1030-50 and support around 1.0890. A trading zone could be created here before advancing toward 1.1140 and above.

Below 1.0890 more of a drop to test the channel support around 1.0820 could hit the market.

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

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