EURUSD 2016-04-15

Posted on

EUR/USD

1.1285

Market received yesterday US Inflation data with cation as US Core CPI (The cost of living in the U.S. excluding food and fuel) rose less than forecast against Fed Chairman Janet Yellen’s forecast .

while as we see over the chart, the Old Mid-Run channel support still holding the pair above support, while a break above 1.1310-30 with daily close will restore strength over Euro to sustain advance toward 1.1495 zone.

from another hand as long as market holding below resistance 1.1310-30 the downtrend pressure will sustain toward 1.1150-70 zone

  Support Resistence
Level 1 1.1235 1.1310-30
Level 2 1.1150-70 1.1495
Level 3 1.1050-70 1.1550
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