EUR/USD Update February 04, 2016

The breakout continues with the EUR/USD making newer highs every hour. 1.1305 is the next upside target for the bulls and all those who missed this money-making opportunity should try to initiate longs at around 1.1060.

Resistance and Support Levels For Traders

R5 1.171 (24 August High)
R4 1.156 (26 August High)
R3 1.1495 (15 October High)
R2 1.135 (22 October High)
R1 1.1305 (19 October Low)
S1 1.106 (15 December High)
S2 1.0985 (15 January High)
S3 1.081 ( 29 January Low)
S4 1.078 (21 January Low)
S5 1.071 (5 January Low)

About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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