EURUSD withdrawals from instant hurdle in Forex market
11/9/2017 4:11:22 PM
The EURUSD pair failed a bullish spike to the 1.1617 level and rapidly recoiled over 15 pips over the past hour.
A follow over decline below the 1.1583-77 zone would indicate a continuation of the downward tendency and could drag the pair towards 1.1557-53 intermediate support on the way key 1.1505 psychological mark. On the upside, the 1.1617 area remains immediate strong hurdle, above which the pair is probable to dart towards the 1.1677-83 hurdle.
FOREX market analysis by FxErvin.