EURUSD
The exchange rate was very narrowly confined between 1.1781 and 1.1841. It was only due to the events of the weekend that the pair broke down with the appearance of dollar purchases. This activated a reversal pattern on the chart, with a neckline at 1.1781. Due to the breakout, the movement also targeted the long-term uptrend. As we saw a strong decline, it is crucial that the pair quickly returns above 1.1780, otherwise, after a small correction, the chances of a further decline will increase. Below 1.1597, 1.1475 could be a very important support level. Below that, there would be a lot of room to move towards the important mid-level of 1.1108.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1536; 1.1475; 1,1352; 1.1230.
