EURUSD 2018-03-21
As we advised yesterday and as we see over our previous chart
Euro managed to hold trades below resistance 1.2360-70 where market sustain the drop wave for more lows
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
support zone 1.2165-85 may provide a rebound correction toward 1.2300 zone
Above 1.2370 more advance may hit the market to test 1.2400-20 zone while above 1.2440 more advance toward 1.2550 may be on hand
below 1.2165 more drop toward 1.2090 may hit the market
As market closing from potential rate hike over Dollar today market may hold this trading zone between 1.2165 and 1.2440, while eyes will be over how many times Fed going to raise Interest Rate this year 2018
Support | Resistance | |
Level 1 | 1.2240 | 1.2300-10 |
Level 2 | 1.2165-85 | 1.2370 |
Level 3 | 1.2090 | 1.2440 |