EURUSD 2016-05-11
EUR/USD
1.1390
As we see over our previous chart, Market managed to sustain drop pressure over short-run while market still holding market up where first resistance at 1.1430, as long as market holding the H4 bar closing below this resistance the downtrend outlook will sustain toward 1.1250-70 zone.
any H4 closing above 1.1430 may give the market the opportunity to attack resistance 1.1480 where above this zone expect farther advance toward 1.1560-80 zone
Support | Resistence | |
Level 1 | 1.1350 | 1.1430 |
Level 2 | 1.1250-70 | 1.1480 |
Level 3 | 1.1220 | 1.1560-80 |