EURUSD 2018-03-20

1 5

Euro managed to head above 1.2335 resistance yesterday in signs of more advance may be on hand before market faced by German investor confidence slid to its lowest level since 2016 as concern rises that Europe’s largest economy could be hit by a global trade war.

As we see over our Intraday Chart, market may consider a resistance downtrend line around 1.2360-70 which may keep the chance of farther drop toward 1.2165-85 zone

Above 1.2370 more advance may hit the market to test 1.2400-40 zone

As market closing from potential rate hike over Dollar tomorrow market may hold this trading zone between 1.2165 and 1.2440

  Support Resistance
Level 1 1.2260 1.2360-70
Level 2 1.2165-85 1.2440
Level 3 1.2090 1.2550


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss