Forex Trading Library

EURUSD 2017-02-08

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As we advised earlier this week

Market sustain the downtrend pressure with more drop where market closing from our target 1.0620-40 zone

Market will face new support zone at 1.0580-1.0620 where as long as market holding above another rebound correction may hit market toward 1.0710-50

Below 1.0580 market will initiate new downtrend wave that may target 1.0450 zone

  Support Resistance
Level 1 1.0620-40 1.0710
Level 2 1.0580 1.0750
Level 3 1.0500 1.0830
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