EURUSD 2015-01-29
EUR/USD
1.1320
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
market managed to rebound this week as market hovering in the oversold zone , while downtrend pressure still affecting market
short-run
as we see over the chart , market managed to obtain rebound correction while market will face resistance zone at 1.1440-60 zone
market still facing the downtrend wave while market being in the oversold zone is holding market from any farther drop so far
as long as market holding trades below 1.1460 the downtrend will sustain which may face more drop next week where targets still toward 1.0800 – 1.0900 zone , while any weekly close above 1.1400 may activate farther rebound toward 1.1750-70 zone
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.1230 | 1.1440-60 |
Level 2 | 1.1165 | 1.1565 |
Level 3 | 1.1100 | 1.1675 |