Forex Trading Library

EURUSD 2016-05-16

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EUR/USD

1.1320

Market managed to hit below 1.1360 in more signs of more retreat still yet to come where market managed to hit 1.1283 low last week

market showing ability for trading zone between 1.1220 – 1.1395

as we see over the chart, market facing resistance at 1.1360 where as long as market holding below will expect farther drop toward 1.1220-50 zone before a rebound toward 1.1395 may hit the market

above 1.1395 market may restore strength again

  Support Resistence
Level 1 1.1280 1.1360
Level 2 1.1220 1.1395
Level 3 1.1150 1.1470
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