Forex Trading Library

EURUSD 2017-10-31

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

Euro managed to head for rebound correction before testing support 1.1550

Market now facing resistance at 1.1660-75 which may push market again for another drop toward 1.1575-85 zone

Above 1.1675 more advance to test 1.1720-30 ie expected before market continue downtrend wave toward 1.1420 zone

Will expect market to hold short-run trading zone between 1.1575 and 1.1675-1.1720

  Support Resistance
Level 1 1.1575 1.1660-75
Level 2 1.1500 1.1720-30
Level 3 1.1420 1.1820
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