EUR/USD surged past triangle resistance, eyeing technical targets at 1.1800 and 1.1920. Support holds firm at 1.1600, though a break below this pivot could trigger a slide toward the 1.1500 level.
The Euro broke above the resistance level of the triangle formation which could lead to a further advance toward resistances 1.1800 and 1.1920-60.
Intraday level support starts from 1.1600 while as long as the market holds above it, the advance could continue.
Below 1.1600 more of a drop could hit the market with supports at 1.1500 and 1.1410.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1600 | 1.1800 |
LEVEL2 | 1.1470-90 | 1.1920-50 |
LEVEL3 | 1.1410 | 1.2080 |
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