Forex Trading Library

EURUSD 2015-01-07

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EURO on Downward Breakout


market managed 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 1.1825 1.2040
Level 2 1.1780 1.2105
Level 3 1.1650-90 1.2160
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