EURUSD 2014-12-29
EUR/USD
1.2200
EURO on trading zone
As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair
Short-run
market managed to sustain drop toward 1.2165 last week , while market still holding short-run trading zone between 1.2160 – 1.2560 for the end of this year
market facing resistance at 1.2300 and 1.2370 which as long as market holding trades below this level the downtrend will sustain toward 1.2135 , while above 1.2370 market may hold short-run trades between 1.2160 – 1.2560
market facing good support at 1.2040 , where as long as market holding trades above this zone a rebound correction may be able to hit the market over the med-term
below 1.2040 market will face the Old support zone of 1.1875
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1.2160 | 1.2300 |
Level 2 | 1.2135 | 1.2370 |
Level 3 | 1.2040 | 1.2480 |