Forex Trading Library

EUR/USD – 05.06.2024

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The Euro broke the resistance of 1.0895, which could signify an extension.

On the chart, the market is facing an uptrend support of around 1.0785-95. A further advance wave could push toward 1.0980 and 1.1140 if prices hold above this zone.

Below 1.0785, a further drop toward 1.0700 and below is likely.

SUPPORT RESISTANCE
LEVEL1 1.0785-95 1.0915
LEVEL2 1.0700 1.0980
LEVEL3 1.0600 1.1140

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