Forex Trading Library

EUR/USD – 18.11.2024

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The Euro held below the resistance of the 1.0580-1.0600 zone and managed to drop toward 1.0515 so far.

As we see on the chart, prices face the support zone around 1.0475. If the market remains above it, a rebound correction will be expected toward 1.0800.

Below 1.0475 more of a drop toward 1.0290 is likely.

Intraday resistance starts from 1.0580-1.0600.

SUPPORT RESISTANCE
LEVEL1 1.0475 1.0580-10600
LEVEL2 1.0290 1.0680-90
LEVEL3 1.0220 1.0800
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