Forex Trading Library

EURUSD 2016-12-01

0 160

Market managed to retreat below 1.0610 yesterday where managed to head for another drop toward 1.0552 just with 12 pips short of our target 1.0520-40

Market facing resistance at 1.0660 where as long as market holding below another chance for another drop toward 1.0520-40 may hit the market, where from there will expect another advance toward 1.0745-60

Above 1.0660 Euro may sustain advance toward 1.0745-60 without drop correction

Below 1.0520 more drop will be available with support at 1.0460

  Support Resistence
Level 1 1.0520-40 1.0660
Level 2 1.0460 1.0745-60
Level 3 1.0360 1.0815
Leave A Reply

Your email address will not be published.