The EUR/USD pair broke above triangle resistance to hit 1.1800, but faces immediate pressure from the 1.1835 level.
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000.
Resistance at 1.1800-35 caused a drop while supports at 1.1600 could create a trading zone.
Above 1.1835 more advance is likely toward late the second target of 1.1920-50.
Below 1.1600 more of a drop could hit the market as support at 1.1470-90 could activate an advance again.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1600 | 1.1790 |
LEVEL2 | 1.1470-90 | 1.1850 |
LEVEL3 | 1.1410 | 1.1950 |
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