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Eur/Usd Still in very Famous Range

March 1, 2016 6:30 pm

On technically Prospective:

Eur/Usd is still in a very famous range which is 1.1450 Key Resistance Level and 1.0800 Key Support range.. Eur/Usd is near term In short trend so We could see next key support level 1.0800 in coming days or hours for rejection.

On Fundamental Prospective:

USD dollar which is not actually dominating now a days is falling against Safe heaven Assets , Which is why The movement in Eur/Usd are More Due to Weakness in Euro Zone not with Dollar Strength. So in coming days we could see nice Rejection in famous range of Support level for Buying Opportunity.

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