EURUSD back on rebound as support level intact

EURUSD back on rebound as support level intact

Rami
04 (10) 2016 - 16:53 (GMT)
0

EURUSD managed to head for another fast rebound correction as support base (1.1120) intact which provided support for another advance inside this trading zone.

Intraday-Levels still showing downtrend pressure with more drop probabilities as long as market holding trades below resistance (1.1280) along with our previous Short-Run outlook.

Below (1.1120) expect farther drop to head to test support (1.1065-75) while below this levels expect farther retreat toward (1.0950-60) zone.

The other direction need market to break above (1.1320) resistance witch will allow market in that case to attack resistance (1.1355-65) zone.

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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