EURUSD 2016-03-17

Posted on

EUR/USD

1.1335

Market managed to hold support 1.1050 as we expected while FOMC projection for interest rate hike this year spur demand for most counter parties currencies against dollar .

Euro met our target 1.1240-80, while so far market rally still ongoing where Euro will face 1.1380 as resistance level

above 1.1380 market may hold strength for ability to expand the rally toward 1.1580 -1.1620 zone

from the other hand market will have support at 1.1275 and 1.1205

  Support Resistence
Level 1 1.1275 1.1380
Level 2 1.1205 1.1450
Level 3 1.1135 1.1520
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