Forex Trading Library

EUR/USD – 11.06.2024

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As stated yesterday, the Euro fell below the support of 1.0785-95 on market open this week.
Below this level, more of a drop toward 1.0700 will be expected.
As seen on the chart, prices are facing resistance around the 1.0800-10 zone and if prices remain below this area, a move toward 1.0600-50 is likely. This support zone 1.0600-50 could push for another rebound.
Below 1.0600, a drop toward 1.0500 could hit the market.
Above 1.0810, more advance could hit the market with resistance around 1.0915.

 

SUPPORT RESISTANCE
LEVEL1 1.0650 1.0800-10
LEVEL2 1.0600 1.0915
LEVEL3 1.0500 1.0980

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