The EUR/USD broke critical 1.1200 support, signaling further downside pressure toward the 1.1065 level.
The Euro broke below the 1.1200 support and if prices remain below the daily close at 1.1240, the drop pressure could continue towards the target 1.1065.
A close above 1.1240 could lead to a rebound toward 1.1330-50.
Support at 1.1065 could push for a correction towards the 1.1200 zone.
Below 1.1065 more of a drop is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1160 | 1.1240 |
LEVEL2 | 1.1065 | 1.1350 |
LEVEL3 | 1.0975 | 1.1475 |
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