Today’s support and resistance levels:
Current spot: 1.5944
The correction we where looking for towards 1.5805 is currently unfolding. Short term, we expect minor resistance at 1.5972 will protect the upside for a break below minor support at 1.5917 and more importantly below support at 1.5878 confirming the decline to 1.5805, before this correction is over.
We are looking for a EUR-buy possibility near 1.5805.
The material has been provided by InstaForex Company – www.instaforex.com