empty
 
 

2016.06.2109:56:00UTC+00Fxwirepro: Eur/usd Reverses Recent Rally, Bias Back to Downside

  • EUR/USD pair declined on Tuesday, as the pair found strong selling interest after a new poll on Britain's referendum on European Union membership showed growing support for the "Leave" camp, pushing down the euro.
     
  • Polling firm Survation showed the percentage of voters supporting Britain's exit from the EU had risen to 44 percent from 42 percent in its previous poll on Sunday.
     
  • The currency pair is trading at 1.1245 levels, it is set to decline further towards 1.1180 and later towards 1.1140 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.1330, a break above will take the pair towards next resistance level at 1.1397.
     
  • To the downside immediate support can be seen 1.1184 levels, a break below will open gates towards 1.1125 levels.

    Resistance Levels

    R1: 1.1267 (38.2% Retracement level)

    R2: 1.1330 (50% Retracement level)

    R3: 1.1397 (61.8% Retracement level)

    Support Levels

    S1: 1.1184 (23.6% Retracement level)

    S2: 1.1125 (June 15th lows)

    S3: 1.1051 (March 16th low)

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback