EURUSD 2015-01-28

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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 rebound this week as market hovering in the oversold zone , while downtrend pressure still affecting market


as we see over the chart , market managed to obtain rebound correction while market will face resistance zone at 1.1450-80 zone

today Fed statement release may shadow market with the coming movement , where zone of 1.1450-80 would provide good zone to re-short-sell market

above 1.1490 market may head for bigger rebound correction , where above 1.1490 market may hold the coming trading zone between 1.1100 – 1.1780

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1325 1.1420
Level 2 1.1260 1.1480
Level 3 1.1165 1.1650


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