EURO on Downward Breakout
market managed today to hit 1.2034 low while market is expected to continue it down tredn breakout after Draghi Comment.
market facing resistance at 1.2150 and 1.2222 which as long as market holding trades below this level the downtrend will sustain toward 1.1950, 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