Euro starting downtrend intention as resistance zone 1.1140-60 intact

Euro starting downtrend intention as resistance zone 1.1140-60 intact

Rami
15 (07) 2016 - 13:52 (GMT)
0

Euro start to head lower as resistance zone 1.1140-60 intact which we advised before where from this zone a downtrend pressure may affect market which will have resistance level now at 1.1100

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as we see over the chart, Euro is now testing support level of the uptrend around 1.1070 which may drive for rebound to test 1.1100, while as long as market holding below 1.1100 or once break below 1.1070 the downtrend movement may head toward 1.1040

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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