EURUSD 2016-05-16
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 |