EURUSD 2016-04-12

Posted on

EUR/USD

1.1425

As we see over the chart, market seems building Rising Wedge formation which my indicate a drop correction that may hit the market toward 1.1150-70 zone

market still facing resistance zone at 1.1460-70 while support at 1.1375

any daily close below 1.1300 will confirm a break that may set the Euro in to drop correction mode toward 1.1150-70 zone

above 1.1470 market may confirm uptrend break that may lead toward 1.1550-70 zone

  Support Resistence
Level 1 1.1375 1.1460-70
Level 2 1.1300-10 1.1550-70
Level 3 1.1200 1.1620
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