EURUSD 2014-11-27

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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

short-run strategy: market may obtain trading zone between 1.2320 – 1.2520 already done at market , 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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