EURUSD 2015-02-13
EUR/USD
1.1415
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 last week managed to add more drop pressure over short-run
mid-run seeing trading zone between 1.0800 – 1.2000 for the rest of this year
short-run
as market failed to break above 1.1535 resistance zone , market managed to retreat last week after U.S jobs market data , while target still as we advised last week 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
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 |