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Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.
On the other hand, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered upon the previous ascending movement towards it.
Shortly after, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.
The market has remained under buying pressure until a plateau level occurred around the key-zone around 1.080-1.0750.
In the mean time, any downside movement towards 1.0300 should be watched for BUYING pressure where a new upside movement can be established.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
