EURUSD 2015-01-19

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EUR/USD

1.1600

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

market managed to sustain drop movement as expected as Euro holds trades below 1.2040 , where market showing target towards 1.1375 zone , while downtrend pressure sustain as market expected ECB to head for QE programme this week

Short-run

market managed to hit low of 1.1460 last week after SNB announcement to end Eur/Chf Cap exchange rate , while so far market still under drop pressure

market face over short-run resistance zone at 1.1650 where as long as market holding trades below this zone expect farther drop toward 1.1375

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1525 1.1650
Level 2 1.1460 1.1785
Level 3 1.1375 1.1870

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