EURUSD 2014-11-20

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EUR/USD
1.2535

EURO under drop pressure

market managed to sustain rebound correction where managed this week to re-test resistance of 1.2530-75 zone where market managed to execute our suggested 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 1.2440

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 1.2630 expect 1.2770

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2440 1.2575
Level 2 1.2380 1.2615
Level 3 1.2320 1.2670

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