EURUSD 2017-01-31

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EURUSD managed to rebound fast after yesterday drop movement where market looking toward ECB statement this week

Intraday Technical showing resistance level start at 1.0740 where as long as market holding below another drop wave may hit market to re-test 1.0620-40 zone, while below this zone market will face 1.0560 support level which may provide another rebound correction for market

Below 1.0560 another drop wave may hit market toward 1.0400 zone

Above 1.0740 market will face resistance at 1.0775 and 1.0875

  Support Resistance
Level 1 1.0620-40 1.0740
Level 2 1.0560 1.0775
Level 3 1.0480 1.0875

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