EURUSD 2014-12-10
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 |