EUR/USD
1.1285
Euro tumbled after ُECB Draghi announced bigger QE
Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro for short-run
market managed to fell below 1.1375 which initiate new downtrend wave that will target 1.0800 as first target
as we see over the chart, market now on downtrend wave which may target 1.000 for this year (possible at the end of this year) while technical showing market ability to test 0.9600 zone within the coming 2 years
short-run
market managed to obtain rebound correction as market being in the oversold zone helped to attract more buyers
market managed to hit 1.1344 zone while market still holding trades below 1.1350-90 resistance zone
as long as market holding trades below 1.1390 we may face new drop pressure to sustain the downtrend movement
Daily Trend: Down
Weekly Trend: Down
| Support | Resistence | |
| Level 1 | 1.1220 | 1.1350-90 |
| Level 2 | 1.1100 | 1.1460 |
| Level 3 | 1.1025 | 1.1535 |
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