EURUSD has been on a downward trend for days now looking at the H1 chart and on D1, W1 same !
After a drastical fall last week Friday during the US session. There was a quick reversal causing an UNTESTED support level @ 1.15130 and a further upward move on Monday forming a WEAK support point @1.15509 as seen on chart.
Presently the Price is moving towards an UNTESTED Resistance level @ 1.16180 formed from 4th of NOV. which might cause a REJECTION.
POSSIBLE MARKET MOVES
There is an high tendency of possible REVERSAL @ the next UNTESTED RESISTANCE point but a break in block means a further upward moves up till VERIFIED RESISTANCE LEVEL as seen on the CHART.
NOTE: observe every risk management measures!
After a drastical fall last week Friday during the US session. There was a quick reversal causing an UNTESTED support level @ 1.15130 and a further upward move on Monday forming a WEAK support point @1.15509 as seen on chart.
Presently the Price is moving towards an UNTESTED Resistance level @ 1.16180 formed from 4th of NOV. which might cause a REJECTION.
POSSIBLE MARKET MOVES
There is an high tendency of possible REVERSAL @ the next UNTESTED RESISTANCE point but a break in block means a further upward moves up till VERIFIED RESISTANCE LEVEL as seen on the CHART.
NOTE: observe every risk management measures!