EURUSD: Weekly Forecast (Feb 29 – Mar 4, 2016)

EURUSD: dipped under 1.10(a new three-week low).

มองว่าราคาเบรก uptrend channel ลงมาได้แล้ว
ถ้าเบรกแนวต้าน 1.1000 กลับขึ้นไปไม่ได้ เป้าหมายด้านล่างอยู่ที่ 1.0710

  • Current trend: bearish trend to continue, next target 1.0710
    On the weekly chart a long-term downtrend remains in effect.
  • Resistance:
    1.1460 (a key resistance line.)
    1.1140 (the level the pair bounce off in Sep 2015.)
    1.1000 (a significant resistance.)
  • Support:
    1.0850 (the level the pair bounce off in Dec 2015.)
    S2: 1.0710 (2016 low.)
    S3: 1.0520 (Dec 2015 low.)
  • Trading tips: below the 1.1100 level, which has now become resistance, EURUSD could be set for a breakdown below the uptrend channel. In the event of such a breakdown, could target at the 1.0850-1.0800 (at least).
  • Strategy: Sell below @1.1000, SL @1.1100, TP @1.0850/1.0710

day week