The Euro managed to test the resistance zone of 1.0525-50 and managed to drop toward 1.0425.
As we see on the chart, prices still face a downtrend line resistance around 1.0525-50. If prices remain below this resistance, more of a drop toward 1.0220 is expected.
Above 1.0550, the market could gain more strength with a second resistance at 1.0610 which could push for a correction.
Above 1.0610 more advance toward 1.0800-20 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.0425 | 1.0525-50 |
| LEVEL2 | 1.0335 | 1.0610 |
| LEVEL3 | 1.0220 | 1.0720 |
|
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