EUR/USD

Market Scenario 1: Long positions above 1.0874 with targets @ 1.0919 & 1.0947

Market Scenario 2: Short positions below 1.0874 with targets @ 1.0846 & 1.0801

Comment: European currency during yesterday’s session re-gained all its losses incurred on Monday against US Dollar, closing the day with 60 pips profit. Today the pair amid promising news out of Eurozone broke through both Resistance levels aiming to test the last one at 1.0992

Supports and Resistances:

R3 1.0992

R2 1.0947

R1 1.0919

PP 1.0874

S1 1.0846

S2 1.0801

S3 1.0773