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 |
