EURUSD 2016-05-04
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/05/18102303/91120df9f1912f555f4a743031cfb596f805226b-750x430.png)
EUR/USD
1.1477
Market managed to sustain drop from resistance zone 1.1620 where market still facing support zone at 1.1450-65
as long as market holding above this zone we will stick with the uptrend wave that may target 1.1820 zone
below 1.1450 market will face support at (1.1390 – 1.1400) where below this zone expect farther drop toward 1.1240-60 zone
Support | Resistence | |
Level 1 | 1.1450-65 | 1.1510 |
Level 2 | 1.1390-1.1400 | 1.1540 |
Level 3 | 1.1240-60 | 1.1620 |