Forex Trading Library

EUR/USD –05.08.2026

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The Euro took advantage on the Intervention with the Yen to test the downtrend as we see from the chart, which in return pushed for a correction

A trading zone between 1.1435 and 1.1560 could hold prices until one of the boundaries break.

Above 1.1560 could open the door towards 1.1685 and 1.1795.

Below 1.1435 more of a drop  toward 1.1320 and 1.1210 is likely.

 

SUPPORT RESISTANCE
LEVEL1 1.435-80 1.1560
LEVEL2 1.1320 1.1685
LEVEL3 1.1210 1.1795
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