As we predicted two weeks ago and as we see on our previous chart, the market is facing a resistance triangle formation around 1.0890-1.0915.
If prices fail to break above this resistance, then another drop toward 1.0700 will be expected
Above 1.0915 more advance toward 1.1130 will be likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.0860 | 1.0915 |
| LEVEL2 | 1.0775 | 1.1000 |
| LEVEL3 | 1.0700 | 1.1130 |
|
Join our responsible trading community - Open your Orbex account now! |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
