The Euro broke above the resistance 1.1275 and closed in from the target 1.1485 where prices today to hit a 1.1473 high so far.
As the market is now trading inside an overbought zone, resistance 1.1485-95 could block any further advance where a correction could control the market.
As long as prices hold below 1.1485-95, a correction could hit the market toward 1.1240 or 1.1150 where one of those supports could push for another advance movement.
Above 1.1495, more advance will be expected with resistance around 1.1690 while traders need to be cautious as market will be on the overbought zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.1240 | 1.1485-95 |
LEVEL2 | 1.1140-50 | 1.1590 |
LEVEL3 | 1.1050 | 1.1690 |
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