- EUR bulls are now seen struggling around the 1.1600 area, opening the door for further consolidation and potential retracements.
- In case the selling bias gathers traction, the 1.1508 level should emerge as the initial contention ahead of the 50% Fibo retracement of the 2017-2018 rally at 1.1449 ahead of 2018 lows just below 1.1300 the figure.
- On the other hand, extra gains should break above the critical resistance band at 1.1745/50 in a sustainable fashion ahead of the 1.1790 region.
Daily high: 1.1609
Daily low: 1.1542
Support Levels
S1: 1.1533
S2: 1.1484
S3: 1.1438
Resistance Levels
R1: 1.1628
R2: 1.1674
R3: 1.1723
Share
