EURUSD 2016-03-15

Posted on

EUR/USD

1.1095

As we see over our previous chart, 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

Market managed to hit 1.1072 low so far while support zone still at 1.1050-70

  Support Resistence
Level 1 1.1050-70 1.1145
Level 2 1.0945 1.1215
Level 3 1.0825 1.1280
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