Do Eurodollar continue to decline or that rebound is near?
Eurodollar still in Tranda bearish, and landing confirmed once the closure lowest uptrend on the daily time frame with the closing low of 1.1374 support, it is expected that the pair will weaken to 1.1155 levels, and close below this level would open the way for further decline to 1.1074 levels and beyond.
Alternative scenario:
But in the case of Eurodollar it did not continue to fall Closure higher the resistance level of 1.1278 will open the way for further climb to 1.1374 levels and beyond.
the main points:
R3: 1.1462 R2: 1.1374 R1: 1.1278
S1: 1.1155 S2: 1.1074 S3: 1.0990
Alternative scenario:
But in the case of Eurodollar it did not continue to fall Closure higher the resistance level of 1.1278 will open the way for further climb to 1.1374 levels and beyond.
the main points:
R3: 1.1462 R2: 1.1374 R1: 1.1278
S1: 1.1155 S2: 1.1074 S3: 1.0990
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