EURUSD
The rally has nearly reached the expected target price; stronger resistance is found around the 1.1719 level. As long as the upward trendline remains intact, no major correction is expected. However, 1.1475 has become a strong support level, and a drop below this level is unlikely. If the price breaks through the natural resistance level of 1.1719, it could remain open to further upside, and this year’s high around 1.2085 could come into play.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085.
Support levels: 1,1475; 1,1352; 1.1230.
