EUR/USD tests a key downtrend line following Yen intervention, consolidating between 1.1435 and 1.1560.
Euro took advantage on the Intervention on the Yen where managed to test the downtrend line as we see over the chart which in return pushed for some drop correction
A trading zone between 1.1435 and 1.1560 may hold the market until one of the boundaries broke
Above 1.1560 may open the door toward 1.1685 and 1.1795
Below 1.1435 more drops toward 1.1320 and 1.1210 is likely
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1435-80 | 1.1560 |
LEVEL2 | 1.1320 | 1.1685 |
LEVEL3 | 1.1210 | 1.1795 |
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