EURUSD 2016-03-11

0 0

EUR/USD

1.1090

Market managed to fell on ECB announcement rate cut and expanding QE program where market managed to hit target 1.0830-60 zone as expected

after that Euro went for rebound rally on President Mario Draghi signaled the end of interest-rate cuts where managed to hit 1.1217 with only 30 pips away from our target as market hit above 1.1080

market now showing ability to sustain advance as long as market holding trades inside uptrend channel where main support at 1.1050-70

as long as market holding trades above 1.1050-70 will expect market to try holding advance to test 1.1250

below 1.1050 market will signal back the continues drop correction toward second target 1.0710-30 zone

  Support Resistence
Level 1 1.1050-70 1.1180
Level 2 1.0945 1.1250-80
Level 3 1.0825 1.1350-70

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss