Support – 1.12, 1.1144, 1. 1088
- EUR/USD is now trading below confluence of rising support levels seen in the range of 1.1260-1.1275.
- If violated on day end closing basis, prices could drift lower to sub 1.12 levels next week.
- On the contrary, a recover back above 1.1260 followed by violation at 1.1342 would shift risk in favor of a rise to 1.1450 levels.