EURUSD 2016-03-01

Posted on

EUR/USD

1.0870

As we see on our previous chart, market managed to hold trades below our resistance 1.1070 which managed to push market below 1.0960 after US GDP last Friday where market still signaling more drop toward our target zone 1.0800 and 1.0700 as we advised before

market short-run resistance at 1.0900-15 and 1.0980 where as long as market holding below those levels will expect farther drop to come

will expect some rebound correction once market tested 1.0780-1.0810 zone , while second zone for rebound correction will be 1.0700-20 zone as we see on our previous chart

  Support Resistence
Level 1 10860 1.0900-15
Level 2 1.0810 1.0980
Level 3 1.0780 1.1070
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