For 3 weeks EURUSD continue its upward rally. Last Friday, the price broke through the resistance level of 1.1330 and currently has exceeded the level of 1.1400. The target of the upward move will be the level 1.1450, which was a top in mid-September. This level is also the upper limit of the upward channel, and it should cause a correction. The last 3 days is little volatility in EURUSD, but that could change as early as today due to macro data.
There will be data announced about industrial production in Euro zone in September. If level 1.1450 will start the correction the next supports are located at 1.1400, 1.1350, 1.1330, 1.1210, 1.1090. Alternatively, if the level of 1.1450 will be break above and upward movement will be continue, next resistances are located at levels 1.1535, 1.1640, 1.1700.
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