EURUSD 2016-02-18
EUR/USD
1.1125
As we see over the chart, Market still testing support zone 1.1110-30 several times within the last few days while market still holding so far above support 1.1070
as long s market holding above 1.1070 the market will have chance for another rebound toward 1.1300 zone , while below 1.1070 market will hit uncertainty zone between 1.0990 – 1.1080 while supports laying at 1.1070, 1.1050, 1.0990
the intraday trading zone showing market holding trades inside downtrend channel with low market liquidity which may sustain until U.S Inflation data come out this Friday
short-run showing downtrend pressure sustain as market holding below 1.1195 zone to visit 1.1050-70, while above 1.1195 market may start to gain strength for farther advance toward 1.1300-50 zone
Support | Resistence | |
Level 1 | 1.1110-30 | 1.1165-95 |
Level 2 | 1.1050-70 | 1.1250 |
Level 3 | 1.0990 | 1.1345 |