Market managed to retreat toward 1.3130 last Friday along with our expectation that short run will sustain trading zone between 1.3100 -1.3535 as we advised last week.
Market now facing resistance zone at 1.3280-1.3300 where as long as market holding below this zone another drop will be expected to re-test support zone 1.3100-50 which may drive another bigger rebound toward 1.3400 before downtrend wave control market toward 1.2950-60.
Above 1.3480 market may add more advance where resistance at 1.3550 and 1.3605.
Below 1.3100 expect 1.2950-60 zone, Orbex experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
