EURUSD 2014-11-21

0 4

EUR/USD
1.2435

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

market faced drop movement today on Mr. Draghi comments to broaden Q.E . while market still holding trades above 1.2400 zone

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

market now giving opportunity for investors who sold the market to gain partial profit from market

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2400 1.2575
Level 2 1.2320 1.2615
Level 3 1.2255 1.2670

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