EURUSD 2017-02-06

Feb 06 2017, 11:10 am

As we advised last week, Euro managed to head for rebound correction where managed to close from 1.0800 zone before market start another downtrend pressure this week

Market still looking for farther drop toward 1.0620-40 zone, while Intraday support level at 1.0710

Below 1.0710 this drop wave will has the confirmation of farther drop movement

Above 1.0830 market will face 1.0875 resistance level

  Support Resistance
Level 1 1.0710 1.0765
Level 2 1.0620-40 1.0800-30
Level 3 1.0500 1.0875
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