Euro sustain drop wave after ECB announcement

Euro sustain drop wave after ECB announcement

Rami
09 (12) 2016 - 11:38 (GMT)
0

EURUSD back to the drop wave after Mario Draghi (ECB President) announcement yesterday that ECB will sustain Quantitative Easing for the whole next year 2017 with reduction of $20 Billion Euro

The downtrend wave model still running as previous Short-Run report advised (see here) while Intraday-Levels reading showing sustain drop pressure as market holding trades below (1.0630-40) where support & target zone at (1.0460-80)

From that support (1.0460-80) market will have chance to build rebound correction wave toward (1.0750-80) zone

Below (1.0460) market may add more drop movement toward (1.0360-80) zone

EURUSD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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