EURUSD 2014-12-24

Posted on

EUR/USD

1.2190

EURO on trading zone

As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair

Short-run

market managed to sustain drop toward 1.2165 yesterday , while market still holding short-run trading zone between 1.2160 – 1.2560 for the end of this year

market facing resistance at 1.2300 and 1.2370 which as long as market holding trades below this level the downtrend will sustain toward 1.2135 , while above 1.2370 market may hold short-run trades between 1.2160 – 1.2560

market facing good support at 1.2040 , where as long as market holding trades above this zone a rebound correction may be able to hit the market over the med-term

below 1.2040 market will face the Old support zone of 1.1875

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.2160 1.2300
Level 2 1.2135 1.2370
Level 3 1.2040 1.2480
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