Euro/U.S. dollar breaks two critical barriers
|EUR/USD -The Euro vs the U.S. dollar burst through 1.10540 resistance on its second attempt on Thursday 17-10-2019 and took out 1.10955 before closing Thursday 's session at 1.11242 with higher highs and higher lows.
The Euro continued its rally on Friday 18-10 - 2019 and breached the middle of the uptrend price channel during the end of last week's trading session, closing the week's session just above 1.11645 price target.
The Euro's next target is estimated at around 1.12317; however, Euro needs to remain above 1.11645 support to continue to the next level. The pair could pull back to 1.11242 and 1.10955 if it fails to maintain above 1.11645.
Support level: 1.1645, 1.11242, 1.10955, and 1.10540
Resistance level: 1.12317, 1.12840, and 1.13410
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