EURUSD 2016-04-07

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EUR/USD

1.1400

As we see over the chart, market managed to hit new weekly high before retreat on ECB vice president commentary while traders still need to see actions not talks

market built support zone at 1.1325-55 where support line holding market at that zone

as long as market holding above this support zone will expect farther advance toward 1.1500-30 zone

below 1.1325 market may add more drop pressure as market may head for farther drop from that zone

  Support Resistence
Level 1 1.1325-55 1.1465
Level 2 1.1250-80 1.1495
Level 3 1.1100-30 1.1550

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