EURUSD 2015-01-15

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EUR/USD

1.1700

Euro tumbled after after Swiss Central Bank Ends Minimum Exchange Rate with Euro

Short-run

market managed to sustain drop movement as expected as Euro holds trades below 1.2040

market managed to hit 1.1570 low after SNB statement to end exchange rate cap which giving signals of farther drop where 1.1375 would be possible target for the short-run

market showing resistance at 1.1870 where as long as market holding trades below this zone expect farther drop where target would be toward 1.1375

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1570 1.1785
Level 2 1.1480 1.1870
Level 3 1.1375 1.1960

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