As mentioned last week, Market managed to hit below 1.1220 which indicate farther drop pressure to sustain over short-run where target now set toward 1.1110-20 zone.
From that zone a rebound correction may hit the market toward 1.1360.
Below 1.1100 market will face the old support 1.1050-60 as support zone.
As long as market holding trades below resistance 1.1230-50 the downtrend pressure will sustain, Orbex experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
