EURUSD 2016-04-13

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EUR/USD

1.1306

As we advised yesterday, market managed to break below Rising Wedge formation which affected Euro with more drop correction where market now testing support level 1.1300-10

as long as market holding above 1.1300 the Euro will have chance to resume the uptrend

below 1.1300 market will add signals for farther drop where next support laying at 1.1150-70 zone

Euro need daily close below 1.1300 to confirm the downtrend model

  Support Resistence
Level 1 1.1300 1.1345
Level 2 1.1210-25 1.1400
Level 3 1.1150 1.1465

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