EURUSD 2016-05-24

May 24, 11:34 am

EUR/USD

1.1185

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

  Support Resistence
Level 1 1.1170 1.1230-50
Level 2 1.1110-20 1.1280-90
Level 3 1.1050-60 1.1360
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