Forex Trading Library

EURUSD 2015-12-03

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EUR USD

1.0560

as we advised last week, market may sustain trade inside this downtrend channel as market facing main support zone inside 1.0460 – 1.0520 zone, this zone may hit market for another bigger rebound correction over short-run

resistance at 1.0640 where as long as market holding below this level the downtrend will sustain over short-run, above 1.0640 market will face 1.0700-25 & 1.0815-35 as resistance zone

a waiting test of 1.0460-1.0520 zone

  Support Resistence
Level 1 1.0550 1.0640
Level 2 1.0500 1.0695
Level 3 1.0460 1.0760
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