EURUSD 2015-02-27

EUR/USD

1.1235

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

market managed to sustain drop where managed yesterday to head toward our targets 1.1220-60 zone while managed to print 1.1180 low

so far market still under drop pressure where 1.1300 will consider as resistance zone now

as long as market holding trades below 1.1300 will expect farther drop to control market where 1.0700 – 1.0800 zone is still the target

above 1.1300 may give the market farther rebound where 1.1380 and 1.1440 would be target

Daily Trend: Down
Weekly Trend: Down

	Support	Resistence
Level 1	1.1180	1.1300
Level 2	1.1100	1.1380
Level 3	1.1000	1.1445