EURUSD 2014-12-05

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EURO under drop pressure

as we see over the chart, market still holding trades below downtrend swing where resistance now laying at 1.2460 and 1.2510 zone

so far market still holding downtrend wve where market expected ECB to head for broader asset purchase program , which may affect for more drop over Euro next year

so far short-run showing trading zone between 1.2215 – 1.2460 as we see over the chart

as long as market holding trades below 1.2460 expect 1.2215-30 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2300 1.2460
Level 2 1.2255 1.2510-30
Level 3 1.2135 1.2570


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