- EUR/USD is prolonging the rangebound theme so far this week, always amidst the generalized lack of direction in the global markets.
- In the meantime and while above the 1.1508 level, the pair keeps alive another potential test of the 1.1745/50 band ahead of 1.1790. If cleared, a visit to June’s peak at 1.1853 should be back on the radar.
- Looking south, a breakdown of the 1.1500 neighbourhood should accelerate the downside and allow for a test of 1.1299, YTD lows so far.
Daily high: 1.1609
Daily low: 1.1569
Support Levels
S1: 1.1566
S2: 1.1526
S3: 1.1487
Resistance Levels
R1: 1.1645
R2: 1.1684
R3: 1.1724
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