EURUSD 2015-04-08
EUR/ USD
Correction Phase ;
1.0860
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 |