EUR/USD is currently testing a resistance level at 1.0945. If the price breaks above this threshold, it would indicate that the uptrend from the low of 1.0777 has resumed. The next target to watch would be the resistance at 1.1008. If this level is also surpassed, the focus would shift to 1.1050, followed by the area around 1.1100.
On the flip side, the initial support level is at 1.0900. If the price falls below this, it could lead to a decline towards the support at 1.0870. Should it break through this level as well, the next target would be around 1.0820.
Traders should keep an eye on these key levels to help guide their decisions in the market.
by ForexInflux
Tuesday, August 13, 2024
EUR/USD Update: Key Resistance and Support Levels
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