Resistance – 1.1236, 1.1283, 1.1342
Support – 1.12, 1.1180, 1.1144
Support – 1.12, 1.1180, 1.1144
- Euros’ failure to sustain above 1.1236 (38.2% of 1.0463-1.1714) followed by drop below daily low of 1.1205 levels would open doors for a cut through 1.1180 and move towards 1.1150 levels.
- Moreover, hourly chart also shows rejection at falling trend line, which adds credence to possibility of a sell-off below 1.1205 levels.
- On the higher side, only an hourly close above falling trend line could signal intraday bearish invalidation and a possible rise to 1.1260-1.1280 levels.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.