Forex Trading Library

EUR/USD – 06.06.2024

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As seen in our previous chart, the Euro broke above the resistance of 1.0895, which could signify a further advance.

The market is facing an uptrend, with the support zone around 1.0785-95. If prices are above this area, an advanced wave could move towards 1.0980 and 1.1140.

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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