EURUSD 2014-12-09

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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 1.2440 zone

so far short-run showing trading zone between 1.2220 – 1.2440 as we see over the chart

below 1.2200 market may add more drop pressure to head toward 1.2130 and 1.2050 zone

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

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

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2215-30 1.2380
Level 2 1.2135 1.2440-60
Level 3 1.2050 1.2505


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