EURUSD 2014-11-25

0 3


EURO under drop pressure

market managed to sustain rebound correction where managed last 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 managed to sustain drop toward 1.2355 while our second target still toward 1.2320

short-run strategy: market may obtain trading zone between 1.2320 – 1.2520 zone while first resistance at 1.2440-70 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2320 1.2440-70
Level 2 1.2255 1.2520-60
Level 3 1.2180 1.2615


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