Forex Trading Library

EURUSD 2016-05-27

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EUR/USD

1.1170

As we advised this week, market managed to hold support 1.1110-30 while managed to rebound so far toward 1.1217

market still facing resistance at 1.1245 where as long as market holding below 1.1245 another drop correction will be expected toward 1.1130-50 zone

above 1.1245 market will set new target toward 1.1340

below 1.1050 market may enter new downtrend wave which will target 1.0825-50 zone

  Support Resistence
Level 1 1.1110-30 1.1190
Level 2 1.1050-60 1.1245
Level 3 1.0900 1.1345
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