
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 |
The post EUR/USD –07.01.2026 appeared first on Orbex Forex Trading Blog.
