The Euro managed to break above 1.1610, which could lead to a further advance.
The Euro managed to break above 1.1610 which could lead to a further advance.
As we see over the Intraday chart, the market is facing a support zone at 1.1565-80. If prices remain above this area, then the advance wave could sustain towards 1.1720-30, which could lead to a correction.
Above 1.1730 more advance toward 1.1820 will be expected.
Below 1.1565 more of a drop is likely with support at 1.1475.
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