We can see that there is some support for EUR/USD at these levels which let us to think again. We can see support at 1.0977 level most important 1.0970 which is becoming a very strong are and not letting the market below it. We also have a pivot point at 1.0977.
We can say that If it breaks this strong level then we can see a strong downward trend. If it break that point then we can see level of 1.0700.
Moreover, In a broad sense EUR/USD will keep down until unless market does not reach 1.1130 in the up coming days.
Also keep in mind buyers from overseas are willing to purchase goods from europe. Technically this pair is very confusing right now.
Don't forget to subscribe our Youtube channel for daily forex forecasts and signals.
Make your trading easy by joining low spread broker which comes in top 10 brokers:
https://www.exness.com/a/po0oh1g3
Tuesday 23 February 2016
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment