EURUSD 2015-01-26

0 0

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

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