EUR/USD –16.04.2026

EUR/USD –16.04.2026

 

The Euro broke above the resistance level of the triangle formation and met the first target at 1.1800.
Intraday level support starts from 1.1720 and 1.1600 while as long as the market holds above it, the advance could continue.
Resistance at 1.1800-35 could lead to a drop while supports at 1.1720 and 1.1600 could create a trading zone.
Above 1.1835 more advance is likely toward late the second target of 1.1920-50.
Below 1.1720 more of a drop could hit the market as support at 1.1600 could activate an advance again.

SUPPORT RESISTANCE
LEVEL1 1.1720 1.1835
LEVEL2 1.1600 1.1920-50
LEVEL3 1.1470-90 1.2080

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