EURUSD 2016-10-20

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Market failed to hold the rebound correction where managed yesterday to fell below support 1.0960

Market now facing support at 1.0910 which if market managed to hold trades above another rebound toward 1.1050 will be available

Market eyes toward ECB rate decision and Mario Draghi conference today, where most economist expect the president to hold any additional announcement of QE until the coming December , where such announcement may fuel some rebound for Euro

Below 1.0910 market may enter new downtrend wave toward 1.0820-40 zone

 

  Support Resistence
Level 1 1.0910-30 1.0980
Level 2 1.0870 1.1060
Level 3 1.0820 1.1120

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