EUR/USD faces downward pressure after breaking triangle support, fueled by rising Middle East tensions.
Our last projection for EURUSD still stands as the pair reached a high of 1.1577 yesterday.
The euro fell below the triangle support, which may lead to further downside.
The market is still watching tensions in the Middle East as the main driver of this bearish move.
As long as tensions stay high, downside pressure may continue.
If tensions ease, the market may move back to the upside.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1500 | 1.1620 |
LEVEL2 | 1.1390 | 1.1690 |
LEVEL3 | 1.1210 | 1.1850 |
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