Forex Trading Library

EURUSD 2018-05-21

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Euro managed to sustain drop wave after breaking below 1.1900 where market managed early this week to hit target 1.1700-20 zone as we advised early at the start of this month

Short-Run still showing support at 1.1560 zone while reistance laying at 1.1820 and 1.2000-20 zone

As long as market holding daily close below 1.1820-30 the downtrend wave may extend toward 1.1560 zone where from there a rebound correction may be expected toward 1.1820

Above 1.1820 market may add more advance toward 1.2000 before another downtrend wave hit the Euro toward 1.1560 zone

  Support Resistance
Level 1 1.1700-20 1.1775
Level 2 1.1620-30 1.1820-30
Level 3 1.1560 1.1930-40
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