EURUSD 2014-12-16
EUR/USD
1.2505
EURO on trading zone
As we see over the chart, market managed to jump above resistance zone of 1.2440-60, which may place the pair inside trading zone between 1.2250 – 1.2600 levels
Short-run
as we advised before as long as market holding trades above 1.2360 expect another advance toward 1.2530 zone , while above 1.2600 market may provide farther advance over short-run toward 1.2770-90 zone
zone of 1.2770-90 may provide good zone to re-short-sell market , where as long as market holding trades below 1.2885 the downtrend wave will sustain
Daily Trend: UP
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.2465-85 | 1.2530 |
Level 2 | 1.2360 | 1.2600 |
Level 3 | 1.2290 | 1.2770-90 |