Forex Trading Library

EURUSD 2017-02-24

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as we advised yesterday and as we see over our previous chart

Euro managed to rebound after FOMC Minutes where policy makers suggest that no rush for rate hike but not for long time, which may provide chance for some rebound correction

market now facing support at 1.0495 

as long as market holding trades above 1.0495 a chance for rebound correction toward 1.0645-75 zone is expected

below 1.0495 market may sustain drop toward short-run target 1.0400-20

  Support Resistance
Level 1 1.0495 1.0645
Level 2 1.0450 1.0675
Level 3 1.0400 1.0750
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