EURUSD 2014-12-16

EUR/USD

1.2505

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 trading zone between 1.2250 – 1.2600 levels

Short-run

as we advised before as long as market holding trades above 1.2360 expect another advance toward 1.2530 zone , while above 1.2600 market may provide farther advance over short-run toward 1.2770-90 zone

zone of 1.2770-90 may provide good zone to re-short-sell market , where as long as market holding trades below 1.2885 the downtrend wave will sustain

Daily Trend: UP
Weekly Trend: Down

	Support	Resistence
Level 1	1.2465-85	1.2530
Level 2	1.2360	1.2600
Level 3	1.2290	1.2770-90