The Euro managed to hold below the downtrend resistance line as drop pressure continues to affect the market.
The market again tested support at 1.1115 and rebounded, closing from the resistance zone.
As long as prices hold below resistance at 1.1240-80, the drop pressure could continue toward the target and support at 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 |