Trader_97

EURUSD UPDATE :

FX:EURUSD   Euro/U.S. Dollar
40 0 4
EUR/USD             found resistance at 1.1218 last week and followed it up by correcting all the way down to 1.1078 and closed at 1.1144 area last week.The pair moved as much 380+ pips last week.The pair broke above the 61.8% retracement level from 11th Feb of 2016 last week but closed the week under it.We may see further consolidation.Once we break above 1.1218 we can assume the uptrend is set to resume.However below 1.1078 we should expect more downside.Supports to watch will be 1.1044-1.0988 and Resistances to watch are 1.1178-1.1218 and 1.1244
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