EURUSD 2016-03-16

Posted on

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
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