EURUSD 2014-12-04

Posted on

EUR/USD
1.2313
EURO under drop pressure
as we see over the chart, market still holding trades below downtrend swing where resistance now laying at 1.2500-10 zone
market managed today to hit below 1.2350 in signs that ECB will act with more aggressive Stimulus measures which pushed the Euro lower and helped Stock-Market to head higher
our med-run projection still the same with targets toward 1.2255 while below this zone 1.2135 would be possible targets
short-run
as we see over the chart market managed to hold trades below 1.2500-10 zone , while the downtrend still active as first target 1.2390 is already done

market now facing resistance at 1.2425 where as long as market holding trades below this zone expect 1.2255 and maybe 1.2135

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2300 1.2425
Level 2 1.2255 1.2470
Level 3 1.2135 1.2510
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