EURUSD 2014-10-29

Posted on

EUR/USD
1.2725

EURO on trading zone

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

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 back to obtain daily close above 1.2685 yesterday which add more strength to market today

market still facing support at 1.2570 while resistance at 1.2885

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

Daily Trend: Up
Weekly Trend: Down

  Support Resistence
Level 1 1.2610 1.2730
Level 2 1.2570 1.2775
Level 3 1.2500 1.2840
short-term strategy: flat
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