The Euro managed to hold below the downtrend resistance line as pressure still affects the market, as prices again tested the support at 1.1115 today.
As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 1.1065, which in turn could lead to a correction.
Above 1.1350 more advance is expected.
Below 1.1065 more of a drop is likely.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 1.1115 | 1.1240-80 |
| LEVEL2 | 1.1065 | 1.1350 |
| LEVEL3 | 1.0975 | 1.1475 |