Forex Trading Library

EUR/USD – 26.08.2024

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The Euro managed to meet the target of 1.1140 and advanced to test the next resistance around 1.1275.

As we see on the Intraday chart, prices now face the first support around 1.1070. If prices hold above it, more advance will be expected with resistance around the 1.1275 zone.

Below 1.1070 a chance for a further drop could happen with supports around 1.1020 and 1.0970.

The first Intraday support is at 1.1160.

SUPPORT RESISTANCE
LEVEL1 1.1160 1.1200
LEVEL2 1.1070 1.1275
LEVEL3 1.0970 1.1390

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