EURUSD 2016-03-14

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EUR/USD

1.1120

Market managed to hit 1.1217 high last week after ECB Mario Draghi signaled no farther interest rate to come which spur demand for Euro.

so far market still have chance to re-test 1.1240-80 zone as long as market sustain trades above support 1.1050-70, while as we see over the chart a trading zone between 1.1050-70 & 1.1240-80 may take place over short-run

below 1.1050 market will lose strength which may drive back the market to re-test 1.0830-60 zone

  Support Resistence
Level 1 1.1050-70 1.1180
Level 2 1.0945 1.1240-80
Level 3 1.0825 1.1350-70

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