EURUSD – Daily Forecast 18 Jul 2013

EURO-Dollar-min

The EURUSD maintained a bearish momentum yesterday, topped at 1.3178 and bottomed at 1.3082, now pressure will be on the key support 1.3082, the EURUSD will have to hold below the 1.3082 levels on a daily closing basis to push the market for further downside losses, If seen It will target the 1.2992 levels where a breach will turn the focus on the 1.2922 levels, below 1.2922 will pave the way for retesting 1.2755 levels.

On the upside, a failure to hold below the 1.3082 levels could mean a return to the 1.3178 levels, a daily close above 1.3178 will flip bias back to the upside for retesting 1.3255 ahead of 1.3300.

In all, as long as 1.3178 holds on a daily closing basis, the pair will remain under pressure with risk towards 1.2992/1.2922 levels.

MARKET DATA

UPCOMING ECONOMIC EVENTS

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