EURUSD Intraday Forecast Jun 09 2014

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Recommendations : LONG  positions  above 1.3600 with 1.3676  & 1.3715  as next targets.

Alternative scenario: The downside  breakout of 1.3600 will call for a slide  to 1.3550/1.3500.

Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3600 holds , resistance comes at the 1.3650 levels ahead of 1.3676 (main) , break of 1.3676 would open 1.3715 next , further upside will aim the 1.3845 levels . On the downside , support comes at the 1.3600 levels , sustained trading – hourly closing – below the 1.3600 levels will turn outlook neutral for 1.3550/1.3500 levels before the next rise ….

Support & Resistance :1.3450 ,  1.3500 , 1.3550 , 1.3600 (PIVOT)   ,1.3650,  1.3675 , 1.3715 , 1.3845 , 1.3875

 

EURUSD Intraday Forecast Jun 09 2014

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