Forex Trading Library

EURUSD 2015-10-02

0 118

EURUSD

1.1167

EUR – USD is trading with a major confusion, ranging between 1.11s & 1.12s. So, any penetration of one of these levels we will consider the new direction for the short-term.MOreover , as today the release for the monthly job report we highly expect the breakout of one of those level to be today ( High probability assigned to upside breakout ).

As shown on the chart the neutral position is the best position! with a slightly higher probability to the levels of 1.1290s, and 1.1330s respectively in case market successfully penetrated the major pivotal level of 1.1250s.

  Support Resistence
Level 1 1.1150 1.1250
Level 2 1.1120 1.1290
Level 3 1.1080 1.1330
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