EURUSD 2014-11-05

0 3


EURO in trading zone

Market managed to add more drop pressure after FOMC meeting last week, while market managed to hit below 1.2500 zone

market being in the oversold zone indicating ability to obtain rebound correction where resistance still at 1.2600-30 zone

market still confused between sustain the drop movement to test 1.2255 OR to head for rebound correction where 1.2760 and 1.2820 would provide short-sell opportunity

this week market may obtain major data From ECB and Fed that may drive the market

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2420 1.2600-30
Level 2 1.2366 1.2700-10
Level 3 1.2280 1.2760
Short term strategy: Flat


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss