Forex Trading Library

EUR/USD – 29.05.2024

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As we saw in the last two weeks, the Euro managed to hold trades above the first support at 1.0820.

As we can see from the chart, if price action trades above 1.0820, then there is a chance for a further advance toward 1.0980, which could hit the market.

Below 1.0815, more of a drop will be expected, where a second layer of support at 1.0725 could give a chance for another rebound.

SUPPORT RESISTANCE
LEVEL1 10815-20 1.0885-95
LEVEL2 1.0725 1.0980
LEVEL3 1.0600 1.1140

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