Forex Trading Library

EURUSD 2016-10-21

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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
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