Euro still facing resistance levels

Euro still facing resistance levels

Rami
26 (09) 2016 - 14:34 (GMT)
0

EURUSD managed to hold support (1.1120) while uptrend way still facing several resistance levels which blocking the uptrend activation.

First resistance zone at (1.1280-90) while downtrend resistance levels at (1.1320) where as long as market holding below those levels the downtrend pressure will sustain to head toward (1.1120) zone.

Above (1.1320) this will provide more strength for market to add more advance where ability to break above (1.1365) will be good this time.

EURUSD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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