EURUSD 2014-11-14

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EURO under drop pressure

market managed to spur demand for Euro as U.S Non-Farm Payroll spark rebound correction as data came last friday below expectation

market so far showing resistance zone at at 1.2530-75 zone , where as long as market holding trades below 1.2575 the downtrend pressure will sustain , above 1.2575 market may hold short-run trades inside short-run trading zone between 1.2400 – 1.2850

market managed this week to test 1.2400 zone , while as long as market holding trades above 1.2360 will expect another rebound correction toward 1.2530-75 zone

above 1.2640 expect 1.2800 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2400 1.2530-75
Level 2 1.2360 1.2615
Level 3 1.2255 1.2670
Short term strategy: place short-sell at 1.2540, stop loss above 1.2615, target 1.2255


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