eur usd weekly predictions for 4 to 8 jan 2016

eur usd weekly predictions for 4 to 8 jan 2016
euro dollar pair this week closed at 1.0865 with loss.
EUR USD weekly chart trend
is down but momentum now turned bearish.
For medium term , eur usd support zones are 1.0770 and 1.0540 levels.
On upside expect strong resistance at 1.0985 and 1.1200 levels.
For next week , eur might test 1.0770 levela nd belwo it expect
deep downside up to 1.0540.
reversal from 1.0770 will be re entry point for long term investors .

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Pramod Baviskar

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