EURUSD 2016-03-10

Posted on

EUR/USD

1.0980

As we see over the chart, market managed to build Head & Shoulder formation which if manage to control the market will lead for farther drop toward 1.0830-60 zone

While market expected impotent data from ECB rate decision and QE program which will lead the market today

main support level at 1.0945 where below this zone will expect farther drop toward 1.0830-60 with chance to test 1.0775 also

while main resistance at 1.1070-80 where above this zone will expect farther advance toward 1.1250 zone

awaiting ECB announcement

  Support Resistence
Level 1 1.0945 1.1025
Level 2 1.0830-60 1.1070-80
Level 3 1.0775 1.1250
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