EURUSD 2018-01-16

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Euro managed to head towards a drop correction as the market edged into the overbought zone today. Early today EURUSD fell below the 1.2240 support.

The market is now facing a support level at 1.2180 which, if the currency pair manages to hold at, could signal there will be an uptrend wave will towards the 1.2335 zone.

Below 1.2180 the market may drop further towards the 1.2080 support zone.

First resistance lies at 1.2240.

Support Resistance
Level 1 1.2180 1.2240
Level 2 1.2080 1.2285
Level 3 1.2000 1.2335
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