EURUSD 2014-10-23

Oct 23 2014, 1:49 pm

EUR/USD
1.2660

EURO rebound on Fed rate bets

market managed to fell below 1.2700 amid U.S Inflation data , where market managed to test 1.2615 today

market still holding chance for more drop to test 1.2570 while short-run trading zone still have chance to sustain between 1.2500 – 1.3060

market facing resistance at 1.2700-30 zone , where as long as market holding trades below this level expect farther drop toward 1.2570 , while above 1.2730 market may build another advance toward 1.3060

short-run trading range may hold trades between 1.2500 – 1.3060

Daily Trend: Up
Weekly Trend: Down

  Support Resistence
Level 1 1.2610 1.2700-30
Level 2 1.2570 1.2775
Level 3 1.2500 1.2840
short-term strategy: flat
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