After the Third Quartely end as well as positive US consumer sentiment data increased EURUSD Bearish pressure.Yesterday EURUSD hour one up trend support has broken and take resistance immediately at 1.1236.
On the Downside, EURUSD focus supporting level near by past hour 4 downtrend support (resistance became support concept) as well as past Sep 9th low level at 1.1114, if break this area we will expect to continue bearish momentum up to 1.1019. I think the EURUSD will reverse or take breathing at this level, because this area has three strong support's (last 6 month's uptrend support, Aug 18th low and also 1.1000 round number).
On the Upside, nearby resistance at sep 29th high 1.1282, next round number 1.1300.
Support : 1.1114, 1.1019, 1.0844
Resistance: 1.1282, 1.1300
Share This Post
Why we choose Forex Market?
Oct 06 , 2015
Forex, Commodity and Binary Trading Signals on 5th May 2016
May 04 , 2016
Forex Trading Terminologies
Oct 21 , 2015
Free Forex Trading Seminar In Salem
Aug 19 , 2018
Forex Weekly Technical Outlook on 7-11 August 2017
Aug 07 , 2017
Forex Weekly Technical Outlook on 24-28 JULY 2017
Jul 24 , 2017