EURUSD 2016-03-07

0 2

EUR/USD

1.0955

Market managed to hit above 1.1000 levels last week after US labor market data while as we see over the chart, market still holding trades below resistance levels of the uptrend channel that market broke below last month

intraday trading indicators showing support level at 1.0900, where as long as market holding above this zone the Euro will have chance for another advance to test 1.1050-70 zone where from that zone market will give signals for another dip to test 1.0710-30 zone

below 1.0900 market may re-test 1.0830-50 again

as long as market holding below 1.1080 the downtrend wave will sustain to test 1.0710-30 zone

above 1.1080 market may head for more advance to test 1.1250-70 zone

  Support Resistence
Level 1 1.0900 1.1015-25
Level 2 1.0830-50 1.1070-80
Level 3 1.0775 1.1150

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