Forex Trading Library

EUR/USD – 30.05.2024

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The Euro fell below the 1.0815 support yesterday, which could cause a further correction to test the support of 1.0725-45, activating another advance.

If the market holds below 1.0830, the drop towards 1.0725-45 could continue, while above 1.0830, price action could move back again to re-test the resistance zone 1.0885-95.

Above 1.0895, more advances will be expected.

Below 1.0725, a drop towards 1.0600 will be likely.

LEVEL1 1.0725-45 1.0830
LEVEL2 1.0600 1.0895
LEVEL3 10500 1.0980

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