EURUSD 2014-11-26

Posted on

EUR/USD
1.2450

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 1.2600 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 , while as we see over the chart zone of 1.2530-50 will consider as resistance zone with opportunity to re-short-sell market , while stop order would be above 1.2600

as long as market holding trades below 1.2600 will expect another drop toward 1.2255

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2400 1.2500
Level 2 1.2350 1.2530-50
Level 3 1.2255 1.2600
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