Fxwirepro: Eur/usd Key Resistance at 1.0915, Sell Deals are recommended Below 1.0900

  • The pair is trading around 1.0896 levels and it is expected decline towards 1.0860 and 1.0830 levels in the short term.
  • To the upside, the strong resistance can be seen at 1.0915 (61.8% Retracement level), a break above this level would take the pair towards next resistance level at 1.1035 (July 15th high).
  • To the downside immediate support can be seen at 1.0883 (Aug 6th lows), a break below this level will open the door towards next level at 1.0873 (38.2% Retracement level).

Recommendation: Go short below 1.0900, targets 1.0860, 1. 0830, SL 1.0980

Resistance Levels

R1: 1.0915(61.8% Retracement level of 1.0985 to 1.0805)

R2: 1.0940 (Aug 6th high)

R3: 1.0985(Aug 4th high)

Support Levels

S1: 1.0883 (Aug 6th lows)

S2: 1.0873 (38.2% Retracement level)

S3: 1.0848(23.6% Retracement level)

The material has been provided by InstaForex Company – www.instaforex.com

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