EURUSD 2014-11-17

Posted on

EUR/USD
1.2490

EURO under drop pressure

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

market managed to sustain rebound correction where managed today to test resistance of 1.2575 where market managed to execute our short-sell orders there

as long as market holding trades below 1.2615 we will expect the downtrend pressure to back over the market , while market facing now support at 1.2480

short-run strategy: as long as market holding trades below 1.2615 expect the downtrend pressure to sustain toward 1.2400 and 1.2320

above 1.2640 expect 1.2770

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2480 1.2575
Level 2 1.2400 1.2615
Level 3 1.2320 1.2670
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