EURUSD 2016-05-06
EUR/USD
1.1425
As we see over our previous chart, 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 today 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 |