EUR/USD –07.01.2026

 

The Euro managed to break a Rising Wedge formation which could cause a downturn towards 1.1490.
As we see over the Intraday chart, prices still face a support zone at 1.1600-50, which could lead to an advance higher.
Below 1.1600, more of a drop towards 1.1490 will be expected.
Above 1.1765 the advance signals could return to the market again.

SUPPORT RESISTANCE
LEVEL1 1.1650 1.1765
LEVEL2 1.1600 1.1810-20
LEVEL3 1.1490 1.1920

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