EURUSD 2015-01-26
EUR/USD
1.1235
Euro tumbled after ُECB Draghi announced bigger QE
Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro for short-run
market managed to fell below 1.1375 which initiate new downtrend wave that will target 1.0800 as first target
as we see over the chart, market now on downtrend wave which may target 1.000 for this year (possible at the end of this year) while technical showing market ability to test 0.9600 zone within the coming 2 years
short-run
market now trading inside the oversold zone , while ECB pressure still affecting market
market showing resistance at 1.1285 and 1.1375 , where as long as market holding trades below those levels expect the downtrend to sustain toward 1.0800-900 zone
zone of 1.0800 – 1.0900 would consider good zone to long-buy market within the coming 2 weeks
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.1110 | 1.1290 |
Level 2 | 1.1000 | 1.1350-75 |
Level 3 | 1.0920 | 1.1535 |