Euro facing drop pressure

Euro facing drop pressure

Rami
31 (01) 2017 - 10:48 (GMT)
0

EURUSD managed to rebound fast after yesterday drop movement where market looking toward ECB statement this week

Intraday Technical showing resistance level start at 1.0740 where as long as market holding below another drop wave may hit market to re-test 1.0620-40 zone, while below this zone market will face 1.0560 support level as previous Short-Run report advised (see here)  which may provide another rebound correction for market

Below 1.0560 another drop wave may hit market toward 1.0400 zone

Above 1.0740 market will face resistance at 1.0775 and 1.0875

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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