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EUR/USD: re-bouncing from resistance 1.1215 with target to support 1.1110

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend between support 1.1085 and resistance 1.1215, where local downtrend is already started from 1.1215 with target on support 1.1110 - 1.1085. Alternative scenario: The uptrend may be expected to continue in case the market rises above resistance level 1.1215, which will be followed by reaching resistance level 1.1380.

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