EURUSD 2016-03-03

Posted on

EUR/USD

1.0866

Market short-run technical showing downtrend pressure as long market holding below downtrend line as we see over the chart .

Market may hold this trading zone between 1.0775-1.0810 & 1.0960 ahead of US labor market data this friday

as long as market holding below 1.0890 expect farther drop to test 1.0775-1.0810 zone where from there will expect another rebound toward 1.0940-60 zone

while any movement above 1.0890 may sustain advance toward 1.0960 alos

below 1.0775 market will face support at 1.0710 zone

  Support Resistence
Level 1 10810 1.0890
Level 2 1.0775 1.0960-80
Level 3 1.0710 1.1070
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