As we see over the previous chart, the EURUSD pair is facing resistance around 1.1585. If prices remain below, the downtrend pressure could sustain as support at 1.1390 could lead to a chance for a rebound.
Prices managed last Friday to test the resistance of 1.1585, which managed to cause a drop towards 1.1540 so far.
Above 1.1585 more advance will be expected with resistances at 1.1660 and 1.1730.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1475 | 1.1585 |
| LEVEL2 | 1.1390 | 1.1660 |
| LEVEL3 | 1.1250 | 1.1750 |
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