EUR/USD
1.0924
Market maybe thru the Resistance levels marked by the green horizontal lines as shown in the charts above of between R1 & R3 area of 1.0932 -1.0884 area in order to hint a stronger bearish outlook for the Euro.
For now, market does look like it favors a downwards move as a continuation of its current trend before making a corrective move upwards based on the pattern shown in the charts once it reaches the D point area.
The above shown geometric pattern signals a probable downward continuation especially after prices does pierce thru and goes below the ‘Geometric Pivot Point’ area marked at 1.0842 and only if going below it that it may move towards its targets of 1.0829- 1.0773 area.
| Support | Resistence | |
| Level 1 | 1.0782 | 1.0884 |
| Level 2 | 1.0750 | 1.0906 |
| Level 3 | 1.0722 | 1.0932 |
