EUR/USD is under bearish pressure after falling below its downtrend resistance line.
The Euro fell below the downtrend resistance line as more pressure still affects the market.
As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 1.1065, which in turn could lead to a correction.
Above 1.1350 more advance is expected.
Below 1.1065 more of a drop is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1115 | 1.1240-80 |
LEVEL2 | 1.1065 | 1.1350 |
LEVEL3 | 1.0975 | 1.1475 |
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