Forex Trading Library

EUR/USD – 11.09.2024

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The Euro rebounded last week to test the first resistance 1.1140.

As we see on the chart, the market hit the 1.1040 support and still has a chance for another rebound toward the 1.1200 zone.

Below 1.1025 prices could add another drop to test the support trend around 1.0880-1.0910 which in turn could activate a correction.

The market managed to hit a few pips below 1.1025 as we await the US inflation data.

SUPPORT RESISTANCE
LEVEL1 1.1025 1.1140
LEVEL2 1.0880-1.0910 1.1200
LEVEL3 1.0775 1.1275

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