EURUSD 2014-12-17

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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


as we advised before as long as market holding trades above 1.2360 expect another advance toward 1.2530 zone , already done , 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 1.2430 1.2530
Level 2 1.2360 1.2600
Level 3 1.2290 1.2770-90


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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