EURUSD 2016-08-19

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As we mentioned this week

As market managed to break above 1.1235 this week we shifted our view to the uptrend favour toward target 1.1400-25 zone

market facing support at 1.1200-20 zone where as long as market holding above an uptrend course will sustain toward 1.1400-25 zone

market so far holding small trading zone which may sustain up and down movement where market may hit correction toward 1.1250-70 zone before resume up

downtrend risk will be below 1.1150 where another dip toward 1.1045 will be available then

 

  Support Resistence
Level 1 1.1250-70 1.1400-25
Level 2 1.1200 1.1490
Level 3 1.1150 1.1535

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