This article was first published on Orbex Forex Trading Blog.
As we advised yesterday and as we see over our previous chart for yesterday
Euro managed to hold trades below first resistance 1.1695 where another drop wave hit the market early today toward 1.1610-15 zone
As we advised yesterday we still see zone of 1.1575-85 is the support zone that may provide a rebound correction where as long as Euro holding trades below 1.1650 this drop movement toward 1.1575-85 may hit the market
Above 1.1650 the market will restore the chance for another test to 1.1690-95 resistance
Above 1.1740 the uptrend wave may back on market
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