As we see over the Intraday chart, the Euro is trading inside a trading zone with resistance at 1.1388 and support 1.1308.
Above 1.1388 more advance will be expected with the second resistance of 1.1440 possibly pushing prices for another drop.
Above 1.1440 more advance toward 1.1540-75 could hit the market.
Below 1.1308 more of a drop will be expected with support at 1.1245-65 which in turn could activate another advance wave.
Below 1.1245, a further drop towards 1.1140-60 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1308 | 1.1388 |
| LEVEL2 | 1.1245-65 | 1.1440 |
| LEVEL3 | 1.1140-60 | 1.1540-75 |
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