EURUSD 2017-12-08

Posted on

As we advised early this week

Euro managed to sustain drop wave correction where managed today to hit doors for target 1.1710-30 zone

As long as market holding above 1.1710 market may head for rebound correction to re-tets resistance 1.1815-25 which as long as market kept trading below this level the downtrend pressure will sustain at short-run

Above 1.1825 more advance to test 1.1900 will be expected which in turn my push market again for another drop wave

Below 1.1710 market may sustain drop toward 1.1600-20 zone

  Support Resistance
Level 1 1.1710 1.1815-25
Level 2 1.1650 1.1900
Level 3 1.1600 1.1960
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