Fluctuation Analysis of EURUSD for 15.02.2017

Yesterday the currency pair rebounded from the balance level of control zones at 1.06294 and showed a downtrend towards the interest rate zone at 1.05434, making a breakout from the interest rate zone at 1.05840.

Today the pair is traded under the interest rate zone at 1.05840. A rebound from this zone will mark the interest rate zone at 1.05434 as the primary target for the pair. If EURUSD breaks out from this zone, it will then proceed towards 1.05030.

Another option is the potential breakout of the pair from the interest rate zone at 1.05840 and an uptrend of the pair towards the balance level of control zones at 1.06294. A breakout from this level will mark the interest rate zone at 1.06648 as the next target.


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