EURUSD 2016-05-05

Posted on

EUR/USD

1.1430

Market managed to fell below 1.1460 which adding risk for more drop movement

market will face support at (1.1390 – 1.1400) which may drive for rebound correction toward 1.1520 zone , while below 1.1390 market may head for farther drop toward 1.1250-70 zone

such scenario movement may depend on tomorrow US labor market data as traders wait for more clue over Fed intention toward interest rate hike

  Support Resistence
Level 1 1.1390-11400 1.1465
Level 2 1.1340-50 1.1520
Level 3 1.1250-70 1.1570
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