EURUSD 2015-04-13

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Correction Phase ; Downside Breakout


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 is on the downside which means the continuation of the major down-trend ; 1.040/1.0350 the coming target for the technical view.

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: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.0520 1.0680
Level 2 1.0420 1.0750
Level 3 1.0367 1.0880


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