EURUSD 2015-02-24

1 10

EUR/USD

1.1305

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

short-run

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

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

1 Comment
  1. m. montenegro says

    usefull

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