As we projected last Friday, the Euro managed to hit a 1.0840 high and closed at 1.0850.
The chart shows the market is facing resistance on the Triangle formation around 1.0890-1.0915. If the market fails to break, then another move toward 1.0700 will be expected.
Above 1.0915, more of an advance toward 1.1130 is 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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