Forex Trading Library

EURUSD 2016-01-14

0 141

EUR/USD

1.0900

Market managed to advance to re-test 1.0930-40 resistance zone while so far still holding trades inside downtrend channel

as long as market sustain trades inside downtrend channel the bearish look will sustain for short-run, while uptrend scenario need either a daily close above 1.0900 or a break above 1.0970

short-run resistance still at 1.0990 and 1.1060

main resistance zone still at 1.1085-1.1135 zone

  Support Resistence
Level 1 1.0850 1.0940
Level 2 1.0800 1.0990
Level 3 1.0710-25 1.1060
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