EUR/USD: Euro could bounce back if it holds above 1.10060

The Euro vs U.S. dollar broke through 1.10610 indicated in last week's analysis but failed to break at 1.10830 and fell below 1.10610 to finished the week at 1.10175. The Euro could bounce back if it remains within the price channel indicated on the price chart at around 1.10060. The Euro must hold above 1.09895 to avoid falling further into negative territory.

Support: 1.10060, 1.09895, 1.09775, and 1.09620
Resistance: 1.10340, 1.10610, 1.10830, and 1.11120

Rotuma

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by Rotuma

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