EURUSD 2015-04-09

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EUR/ USD

Correction Phase ; near to breakout

1.0760

On the short -term the market the market still ranging between 1.07 and 1.12 levels as awaiting a more data to decide the new mid-term direction ; those levels considered critical for short-term traders . The breakout direction would be the new trend with highest probability downward However , The market now on the way to reach the levels of 1.12 as correction phase in progress .

On the longer-term view : the market on the down trend driven by a lot of factors ; moreover , a levels below 1.04s es expected and parity exchange rate would be in the next half of 2015.

Daily Trend: Neutral
Weekly Trend: Down

  Support Resistence
Level 1 1.0820 1.1020
Level 2 1.0780 1.1113
Level 3 1.0680 1.1243

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