EURUSD 2016-05-23

May 23, 11:34 am

EUR/USD

1.1210

As we mentioned last week, Market managed to hit below 1.1220 which indicate farther drop pressure to sustain over short-run where target now set toward 1.1110-20 zone

from that zone a rebound correction may hit the market toward 1.1360

below 1.1100 market will face the old support 1.1050-60 as support zone

as long as market holding trades below resistance 1.1230-50 the downtrend pressure will sustain

 SupportResistence
Level 11.11701.1230-50
Level 21.1110-201.1280-90
Level 31.1050-601.1360
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