As we advised yesterday and as seen on our previous chart, the Euro has so far managed to sustain trades above the 1.1000 support level, with a low of 1.1008 recorded yesterday.
As long as the market holds above 1.1000, a rebound correction to test the 1.1105-15 resistance zone is expected.
If the market drops below 1.1000, further declines may push it towards 1.0880, with intermediate support at 1.0950.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1000 | 1.1105-15 |
| LEVEL2 | 1.0950 | 1.1200 |
| LEVEL3 | 1.0880 | 1.1275 |
|
Join our responsible trading community - Open your Orbex account now! |