The Euro (EUR/USD) broke past triangle resistance, signaling a potential bullish extension toward the 1.1950 target. While key support holds at 1.1720, the pair faces immediate resistance that could trigger a consolidation phase.
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000. Intraday level supports start at 1.1720 and 1.1600 while as long as the market holds above it, the advance could continue. Resistance at 1.1800-35 could lead to a drop while supports at 1.1720 and 1.1600 could create a trading zone. Above 1.1835 more advance is likely toward late the second target of 1.1920-50. Below 1.1720 more of a drop could hit the market as support at 1.1600 could activate an advance again.
SUPPORT
RESISTANCE
LEVEL1
1.1720
1.1850
LEVEL2
1.1600
1.1950
LEVEL3
1.1470-90
1.2080
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