EURUSD 2015-01-05

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EUR/USD

1.1920

EURO on Downward Breakout

Short-run

market managed today to hit 1.1870 low while market is expected to continue it down trend breakout after Draghi Comment.

market managed to sustain trades below 1.2040 resistance zone , where as long as market holding trades below this level the downtrend pressure will sustain

short-run still showing downtrend pressure where market managed to hit below 1.1875 zone which indicating the ability for market to head for testing 1.1650-90 zone

as long as market holding trades below 1.2040 expect 1.1650-90 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1875 1.2040
Level 2 1.1780 1.2105
Level 3 1.1650-90 1.2160

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