The price line on EURUSD price chart is currently indicating 1.03186, where is located just below a static resistance level; this resistance level is highlighted with light green color and is expected to include a big supply of sell orders, as it has already been able to dump the price line smoothly. The red descending line on the chart indicates the trend line on the previous bearish wave. As it is indicated on the chart, this trend line has already been broken sharply and a correction phase looks highly potential in the next few days. Traders can place short orders on the mentioned static resistance and expect the price line to fall to the support levels below.

• There is resistance on 1.03400 followed by resistances at 1.03750 and 1.4888
• There is support at 1.00000 Below, there is 1.99440 and 1.97777

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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