The Euro managed to hold below the downtrend resistance line as pressure still affects the market.
The market again tested the support at 1.1115 and managed to rebound, closing from the resistance zone.
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 rebound correction.
Above 1.1350 more advance is likely.
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 |