Forex Trading Library

EUR/USD – 05.07.2024

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The Euro managed to hit a 1.0830 high at closed at the target 1.0850.

As we see on the chart, the market is facing a resistance trend on the triangle formation around 1.0890-1.0915.  If prices fail to break, then another drop towards 1.0700 will be expected.

Above 1.0915, more of an advance toward 1.1130 will likely.

SUPPORT RESISTANCE
LEVEL1 1.0775 1.0890-1.0915
LEVEL2 1.0650-75 1.1000
LEVEL3 1.0450 1.1130

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