The EUR/USD chart shows bearish momentum, indicating a potential continuation of the downward movement. The 1st support level at 1.1086 (pullback support and 38.20% Fibonacci retracement) and the intermediate support at 1.1175 (swing low support) are key levels to watch. On the upside, the 1st resistance at 1.1282 (overlap resistance) and the 2nd resistance at 1.1366 (161.80% Fibonacci extension) are significant levels of potential resistance.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD chart shows bearish momentum, indicating a potential continuation of the downward movement. The 1st support level at 1.1086 (pullback support and 38.20% Fibonacci retracement) and the intermediate support at 1.1175 (swing low support) are key levels to watch. On the upside, the 1st resistance at 1.1282 (overlap resistance) and the 2nd resistance at 1.1366 (161.80% Fibonacci extension) are significant levels of potential resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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