EURUSD 2014-10-31

Oct 31 2014, 1:37 pm


EURO on trading zone

market managed to add more drop pressure after FOMC meeting ths week, where managed to head toward our expected zone 1.2570

market so far showing chances to obtain long-buy at market where market still holding trades above 1.2500 zone

as long as market holding trades above 1.2500 a chance to obtain rebound correction will sustain at market toward first target 1.2750

market facing resistance at 1.2650 where as long as market holding trades below this level the downtrend pressure will sustain

below 1.2500 this model will be corrupted and so any long-buy trades will advise to have stop loss below 1.2500 and wait for more signals

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

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2550 1.2605
Level 2 1.2500 1.2650
Level 3 1.2465 1.2750
short-term strategy: keep trades we bought at 1.2590, stop loss at 1.2490 , target 1.2750 & 1.2850
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