EURUSD 2016-03-16
EUR/USD
1.1095
As we see over the chart, Market still holding trades inside tight zone awaiting of inflation data for US economy while market waitting the most impotent event this quarter as FOMC & Fed Fund Rate decision due today.
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 1.0850-80 zone
Support | Resistence | |
Level 1 | 1.1050-70 | 1.1145 |
Level 2 | 1.0945 | 1.1215 |
Level 3 | 1.0825 | 1.1280 |