EURUSD: Key Levels
Updated
EURUSD started a strong bullish movement.
Multiple strong resistances are ahead.
Key levels based on 3 days chart analysis:
Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure
Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure
Resistance 3 - 1.15 levels based on a horizontal weekly/3 day/daily structure + it is this year's high
Closest supports are:
Support 1 - 1.0975 level based on a recently broken daily structure
Support 2 - 1.08 level based on a horizontal 3 days/daily structure
pay attention to the lower timeframe once the market reaches one of these levels to catch a pullback or reverse
Trade closed: target reached
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