EURUSD 2016-02-22

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EUR/USD

1.1065

Market managed to hold trades below resistance 1.1140 while UK mayor announcement to back up Exit weigh on European currencies to start week low.

Euro went for another test to support zone 1.1050-70 , while market still holding downtrend pressure over short-run as long as market holding below 1.1140

below 1.1050 market will face the uncertainty zone between 1.0960-90 & 1.1070-80

as we see over the chart market uptrend channel support still at zone 10960-90 which may hold the market over the coming short-run

below 1.0960 market may head for another drop toward 1.0810 and 1.0710 levels

  Support Resistence
Level 1 1.1050-70 1.1095
Level 2 1.1025 1.1140
Level 3 1.0960-90 1.1245

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