Forex Trading Library

EUR/USD – 10.06.2024

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The Euro fell below the support of 1.0785-95 today, and as stated previously, below this level, more of a drop toward 1.0700 will be expected.

As we can see from the chart, the market is facing resistance around 1.0800-10, where if prices hold below this zone, a drop toward the 1.0600-50 zone is likely.

The support of 1.0600-50 could push for another rebound correction.

Below 1.0600, more of a drop toward 1.0500 could hit the market.

Above 1.0810, more advance could happen with resistance around 1.0915.


LEVEL1 1.0650 1.0800-10
LEVEL2 1.0600 1.0915
LEVEL3 1.0500 1.0980


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