EURUSD 2015-02-05

0 4

EUR/USD

1.1420

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

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

short-run

market managed to sustain advance where managed to test 1.1535 zone , market retreated from that zone indicating good resistance zone around 1.1535 , while any daily close above 1.1535 may activate another rebound toward 1.1730-70 zone

however as long as market holding daily close below 1.1535 expect another drop toward 1.1260 zone

mid-run still seeing downtrend wave ongoing toward 1.0800 – 1.0900

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1380 1.1485
Level 2 1.1310 1.1535
Level 3 1.1260 1.1620

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