EURUSD Daily Forecast Jun 16 2017

EURUSD, Bearish Eyes The 1.1087 Levels...


EURUSD, Bearish Eyes The 1.1087 Levels…

The EURUSD maintained a bearish momentum yesterday, topped at the 1.1227 levels, and bottomed at the 1.1131 levels. This development leaves the pair targeting the 1.1087 levels, a halt is likely and a reversal may occur, however; a cut through the 1.1087 levels will turn the focus on the 1.1020 levels, further down, support stands at the 1.0970 levels…

On the upside, immediate resistance comes at the 1.1165 levels ahead of the 1.1227 levels (main), above that level should weaken recent fall and turn the focus back on the 1.1.1295 levels where another fall is suggested….

Conclusion: The EURUSD continues to face downside threats below the 1.1227 levels…

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