The EUR/USD chart shows bearish momentum, as the price has broken below an ascending support line. The 1st support level at 1.0941 and swing low support level at 1.0945 are strong levels of support, but a bearish break could push the price towards the 2nd support level. On the resistance side, there is a multi-swing high resistance level at 1.1078, with an intermediate resistance level at 1.1047, adding to potential resistance..
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD chart shows bearish momentum, as the price has broken below an ascending support line. The 1st support level at 1.0941 and swing low support level at 1.0945 are strong levels of support, but a bearish break could push the price towards the 2nd support level. On the resistance side, there is a multi-swing high resistance level at 1.1078, with an intermediate resistance level at 1.1047, adding to potential resistance..
The material has been provided by InstaForex Company – www.instaforex.com
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