EUR/USD: May Fall to 1.1300 - 1.1500
Pivot Point
1.1850
Trading Strategy
Below 1.1850, look for further downside with targets at 1.1500 and then 1.1300.
Alternative Strategy
Above 1.1850, look for further upside with targets at 1.1970 and then 1.2150.
Technical Comment
As long as the 1.1850 resistance level is not broken, the risk of a downward break below 1.1500 remains high.
Support and Resistance Levels
1.2150 ***
1.1970 **
1.1850 ***
1.1679 Closing Price
1.1500 ***
1.1300 ***
1.1100 *
The number of asterisks indicates the strength of the support and resistance levels.