EUR/USD
1.1440
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
mid-run seeing trading zone between 1.0800 – 1.2000 for the rest of this year
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 trades below 1.1535 expect another drop toward 1.1260 zone , while above 1.1535 expect 1.1630 and 1.1730
U.S labor market data today may be expected to come below expectation which may give a push to Euro to sustain rebound correction toward 1.1630 nd 1.1730 , while any better than expected data may hit the Euro toward 1.1260 zone
Daily Trend: Down
Weekly Trend: Down
| Support | Resistence | |
| Level 1 | 1.1380 | 1.1485 |
| Level 2 | 1.1310 | 1.1535 |
| Level 3 | 1.1260 | 1.1630 |
