EURUSD 2018-05-21
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 |