EURUSD 2014-12-15

Posted on

EUR/USD

1.2417

EURO on trading zone
As we see over the chart, market managed to jump above resistance zone of 1.2440-60, which may place the pair inside new trading zone. However, the market now trading between 1.2350 to 1.2480.
Market may sustain trades inside trading zone between 1.2250 – 1.2600 levels
Short-run
As long as market holding trades above 1.2360 expect another advance toward 1.2530 zone , while below 1.2360 expect 1.2270-90 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2360 1.2495
Level 2 1.2290 1.2530-40
Level 3 1.2220 1.2595
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