EURUSD
1.1160
AS we mentioned before, The 1.1250s level was considered the pivotal point and below it still we have seen, the sell-off generated below that level to be traded at 1.1180s levels. and as we see market is closed yesterday’s below 1.1180s level.
so, confirming breaking this level and opening the way towards to hitting the first target at 1.1060 then 1.1000 in the upcoming sessions.
So, we do see more sell to come as the expected scenario as long as still the market below the 1.13s especially if market cam below 1.1150s levels. As the target for the down trend 1.09/1.08. However, we not expected the bull market scenario if not come higher than 1.13s one more time.
Finally, we will still to see and keeping our eye on the higher probable scenario which is downside move!
| Support | Resistence | |
| Level 1 | 1.1100 | 1.1180 |
| Level 2 | 1.1060 | 1.1250 |
| Level 3 | 1.0980 | 1.1330 |
