Forex Trading Library

EURUSD 2018-04-18

0 178

Euro still holding a trading zone over Short-Run in side way shape which either can indicate for a correction wave that may set a new uptrend wave Or can be conside the preparation for a bigger drop wave

With US Dollar closing from Short-Run support  88.60-80 and 88.15 the Euro may face hard time for the break

Intraday Levels showing firest resistance at 1.2420-30 where as long as market holding below another drop swing for this trading zone may take place toward 1.2250-60 support as we see over the chart

Above 1.2435 market may face a chance for farther advance where the Short-Run resistance laying at 1.2520-55 which in turn may push the Euro for another drop toward 1.2300

  Support Resistance
Level 1 1.2335 1.2420-30
Level 2 1.2250-60 1.2520-55
Level 3 1.2185 1.2625
Leave A Reply

Your email address will not be published.