The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week.
As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
Below 1.1570 a further drop toward 1.1460-80 is expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1570 | 1.1710 |
| LEVEL2 | 1.1460-80 | 1.1785 |
| LEVEL3 | 1.1410 | 1.1850 |