EUR/USD – 19.08.2024
![EUR/USD – 19.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/19161542/Euro-chart-19.08.2024-750x430.png)
The Euro managed to test the resistance zone of 1.1030-50 and dropped toward 1.0950 before rebounding again and testing 1.1030-50.
The intraday levels show a possible uptrend channel which still has resistance around 1.1030-50 and support at 1.0890. This is where a trading zone could develop 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 |
Join our responsible trading community - Open your Orbex account now! |