Technical Analysis: EUR/USD - Wednesday, Nov. 5
The Euro managed to break below the support of 1.1545 which could lead to another drop.
As we see over the chart, the market faces resistance around 1.5850, and if prices remain below it, the downtrend pressure could sustain with support at 1.1390 giving the chance for a rebound.
Above 1.1585 more advance will be expected with resistance at 1.1660 and 1.1730.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1390 | 1.1545 |
| LEVEL2 | 1.1250 | 1.1585 |
| LEVEL3 | 1.1100 | 1.1660 |
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