Forex Trading Library

EUR/USD –16.04.2025

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The Euro is holding inside the trading zone between support 1.1240 and resistance 1.1485-95 while the market managed yesterday to hit a 1.1264 low.
As long as the market holds above 1.1240 a chance for an advance to break above 1.1495 and to head toward 1.1690 is expected.
Below 1.1240 more of a drop to test 1.1140-50 could hit the market which in turn could activate the advance wave again.

SUPPORT RESISTANCE
LEVEL1 1.1335 1.1485-95
LEVEL2 1.1240 1.1590
LEVEL3 1.1140-50 1.1690

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