Forex Trading Library

EURUSD 2017-02-20

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As we advised last Friday and as we see over our previous chart

market managed to head for rebound correction after better than expected Inflation data for the U.S. as traders noticed profit taking last week

so far market facing resistance at 1.0700-10 zone where as long as market holding below another drop correction may hit market toward 1.0525-50 zone

above 1.0710 market will have chance for farther advance toward 1.0800-30 zone

  Support Resistance
Level 1 1.0600 1.0700-10
Level 2 1.0520 1.0800-30
Level 3 1.0450 1.0875
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