The Euro passed above the downtrend resistance line which indicates strength in the market.
As we see over the chart, the market is facing Intraday support around 1.0370. If prices remain above this level, more advance will be expected with resistances at 1.0535 and 10610-30.
The Market managed yesterday to re-test the support 1.0370 while managing to advance toward 1.0470.
Below 1.0370 a chance for further drop toward 1.0250 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.0430 | 1.0470 |
| LEVEL2 | 1.0370 | 1.0535 |
| LEVEL3 | 1.0250 | 1.0610-30 |
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