Resistance of the EUR/USD pair was broken and it turned to support at the level of 1.0880 this week. The pair has already formed new strong support at the level of 1.0880. Moreover, after the pair has closed above this level today, it is signing the bullish market from 1.0880. Additionaly, the RSI has still called for uptrend at the level mentioned before. Consequently, the price of the EUR/USD pair indicates a bullish opportunity at the level of 1.0880 with the first target at 1.1041 in order to form a double top, and continues towards 1.1080 to test weekly resistance 1..
However, in case a reversal takes place and the EUR/USD pair breaks through the new support level of 1.0880, the market will move to further decline to 1.0783 in coming two days.
Intraday technical levels:
Date and Time:26/03/2015 13:10
Pair:EUR/USD
R3: 1.1136
R2: 1.1074
R1: 1.1023
PP: 1.0961
S1: 1.0910
S2: 1.0848
S3: 1.0797
The material has been provided by InstaForex Company – www.instaforex.com
Overview:
Intraday technical levels:
Date and Time:26/03/2015 13:10
Pair:EUR/USD
The material has been provided by InstaForex Company – www.instaforex.com
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