EURUSD 2014-12-10

Posted on

EUR/USD

1.2390

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

as long as market holding trades below 1.2455 another drop toward 1.2220 will be expected , while above 1.2460 market may sustain advance toward 1.2530 and maybe 1.2565

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 1.2360 1.2440-60
Level 2 1.2290 1.2530
Level 3 1.2220 1.2565
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