Forex Trading Library

EURUSD 2018-03-08

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As we advised early this week

Euro managed to hold support 1.2260-80 where managed to test target 1.2440-60 zone yesterday

As we see over the chart, market now facing downtrend resistance at 1.2440-60 zone where as long as market holding below this line another drop wave toward 1.2250-70 zone will be expected

Above 1.2460 market may enter new advance wave that may target 1.2620 while resistance laying at 1.2555

Support Resistance
Level 1 1.2360 1.2440-60
Level 2 1.2250-70 1.2555
Level 3 1.2165 1.2620
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