Forex trading signals and analysis for EURUSD – 8 Sep 2014

Forex trading signals and analysis for EURUSD – 8 Sep 2014

Analysis:

EURUSD broken key support at 1.31 and dropped almost 200 pips within a few hours after ECB surprised investors by cutting cash rate from 0.15% down to 0.05%. This was the biggest intraday loss from beginning of the year.

After the Non-farm payroll report, Euro slightly pull back but still moving around the low most of the time. This is really a heavy bearish situation for the EURUSD.

We expect Euro will move down further in the next coming day and support not seen until 1.2750.

EURUSDWeekly - 8 Sep 2014

Forex Trading Signal:

We will watch for signals to short Euro around 1.300 today.

Resistant zone:

+ 1.32100

+1.3000

Support zone:

+1.2900

+1.2750

ForexSignals247

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