1Finance

Forecast for The Week - levels for EUR/USD

EUR/USD: bullish with 1.1411 key resistance. Daily price is on primary bullish trend located to be above 100-day SMA and 200-day SMA: the price is trying to break 1.1411 key resistance level for the bullish trend to be continuing.

• if the price breaks 1.1411 resistance so the primary bullish trend will be continuing;
• if the price breaks 1.1143 support level so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started;
• if not so the price will be moved within the channel.

Resistance	Support
1.1411	1.1143
N/A	1.0814