EURUSD 2016-10-21
EURUSD managed to head for fast rebound correction inside 1.1035-50 zone yesterday before back to face downtrend pressure as Mr. Draghi assured that there will be no abrupt end for QE.
Market now inside downtrend wave toward second target 1.0820-40 zone
First resistance at 1.0915 while second resistance at 1.0950-60
As long as market holding below one of those resistance the target will sustain toward 1.0820-40
Above 1.0960 more advance will be expected toward 1.1025 zone
Support | Resistence | |
Level 1 | 1.0820-40 | 1.0915 |
Level 2 | 1.0775 | 1.0950-60 |
Level 3 | 1.0710 | 1.1025-35 |