EURUSD 2015-02-18

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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

U.S labor market data managed to add more drop pressure over short-run

mid-run seeing trading zone between 1.0800 – 1.2000 for the rest of this year


as market failed to break above 1.1535 resistance zone , market managed to retreat after U.S jobs market data , while target still as we advised before to test 1.1220-60 zone

market still searching for father drop over short-run to test 1.0800 – 1.0900 zone

as long as market holding trades below 1.1535 the downtrend pressure will sustain toward 1.0800 – 900 zone

above 1.1535 market may initiate farther rebound toward 1.1720 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.1220-60 1.1480
Level 2 1.1100 1.1535
Level 3 1.1000 1.1625


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