Forex Trading Library

EURUSD 2016-02-18

0 169

EUR/USD

1.1125

As we see over the chart, Market still testing support zone 1.1110-30 several times within the last few days while market still holding so far above support 1.1070

as long s market holding above 1.1070 the market will have chance for another rebound toward 1.1300 zone , while below 1.1070 market will hit uncertainty zone between 1.0990 – 1.1080 while supports laying at 1.1070, 1.1050, 1.0990

the intraday trading zone showing market holding trades inside downtrend channel with low market liquidity which may sustain until U.S Inflation data come out this Friday

short-run showing downtrend pressure sustain as market holding below 1.1195 zone to visit 1.1050-70, while above 1.1195 market may start to gain strength for farther advance toward 1.1300-50 zone

  Support Resistence
Level 1 1.1110-30 1.1165-95
Level 2 1.1050-70 1.1250
Level 3 1.0990 1.1345
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