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 |
