EUR/USD has broken through the 1.15 support and is now challenging an upward sloping trend line support. Short-term trend is bearish and if we break below 1.1445 we could then see more downside towards 1.14-1.1395.
Blue line - trend line support
EUR/USD is challenging the trend line support at 1.1450. There are increased chances of a bounce from current levels. If this trend line is broken we expect prices to move lower towards 1.14-1.1390. For bulls to have a chance to challenge 1.18 again, we need a break above 1.1620. Short-term resistance is also found at 1.1520 and at 1.1560.
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