Forex Trading Library

EURUSD 2016-12-05

0 147

Short-Run Indicators showing ability for EURUSD to head for trading zone ahead of ECB meeting this week to decide over the current Quantitative Easing program, while awaiting Fed Rate decision next week.

Indicators showing ability for small trading zone between resistance (1.0690) & support level (1.0500) for the coming interval, while a bigger trading zone showing resistance at (1.0740-60) and main support (1.0460) which may hold the market between those levels until Fed Rate decision next week.

  Support Resistence
Level 1 1.0610-20 1.0690
Level 2 1.0540 1.0740-60
Level 3 1.0500 1.0815
Leave A Reply

Your email address will not be published.