EURUSD 2016-08-31

0 4

EURUSD still holding the downtrend pressure while market trying to obtain rebound correction before continue drop movement toward 1.1045-75 target zone

market facing resistance at 1.1245-70 zone where as long as market holding below this zone the downtrend wave will sustain toward our targets

market may continue this drop movement or may head for some rebound correction before resume drop

as long as market holding above 1.1130 a rebound correction will have chance before back to the drop, while below 1.1130 market more likly 

  Support Resistence
Level 1 1.1130 1.1165
Level 2 1.1075 1.1245-70
Level 3 1.1020-45 1.1335


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