Technical Analysis: EUR/USD
The Euro met the target and resistance zone of 1.1700-20 last Friday.
As we see over the Intraday chart, prices still face a support zone at 1.1610-30. If prices remain above this zone, another advance toward 1.1775-85 will be expected.
Below 1.1610 more of a drop could hit the market with supports at 1.1540 and 1.1390.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1610-30 | 1.1775-85 |
| LEVEL2 | 1.1540 | 1.1850 |
| LEVEL3 | 1.1390 | 1.1920 |
More By This Author:
Intraday Analysis - Monday, Oct. 20
The Week Ahead – More Headaches For Central Banks
Intraday Analysis - Friday, Oct. 17
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