Forex Trading Library

EURUSD 2016-01-07

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Market jump into EURO as safe haven demand after China halt trading for second time this week

as we see over the chart market established downtrend channel where market looking to test 1.0905-30 resistance zone

market my give opportunity to re-short market around 1.0905-30 while as long as market holding trades below 1.0950 the downtrend movement will sustain

above 1.0950 market may head for another test 1.1020-60 zone

  Support Resistence
Level 1 1.0825 1.0870
Level 2 1.0770 1.0905-30
Level 3 1.0710 1.0950
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