EURUSD 2016-01-28
EUR/USD
1.0905
Euro armed with reverse Head & Shoulder formation while first resistance at 1.0940-50
as we see over the chart, market showing a reverse head & shoulder formation which if managed to control market will lead for another test to 1.0990 resistance zone while above that levels market will face 1.1060 and 1.1135 resistance levels.
market managed to advance toward 1.0925 while first resistance laying at 1.0940-50 zone
from another hand market still facing support line of 1.0775 which protecting this model, while below 1.0775 market may head to test 1.0710 and 1.0640 zone
Support | Resistence | |
Level 1 | 1.0775 | 1.0940-50 |
Level 2 | 1.0710 | 1.0990 |
Level 3 | 1.0640 | 1.1060 |