
The Euro dropped to the resistance zone of 1.1720-40 as the market closed to the support trend of 1.1575-1.1600.
As we see from our previous chart, the Euro still holds a trading zone in a triangle pattern.
Below 1.1575 more of a drop will be expected with supports at 1.1515 and 1.1390.
Above 1.1740, more advance towards 1.1830 will be expected.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1575-1.1600 | 1.1720-40 |
LEVEL2 | 1.1515 | 1.1830 |
LEVEL3 | 1.1390 | 1.2000 |
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