EURUSD
Despite a few days of decline (without a new low), the bigger picture hasn’t changed yet. The 1.1640 level marks the resistance point; if the pair manages to break above it within the next few days, we could be looking at a shift in the trend. As long as it remains below the red trendline, no major changes are expected. The 1.1475 area is an important support level. If this were to fall, 1.1230 and 1.1108 could come into play, which are located halfway through the previous major upward wave. These levels are considered truly strong support.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1475; 1,1352; 1.1230.
