EURUSD Daily Forecast Apr 02 2015

Outlook in EURUSD remains neutral with risk to the downside as long as 1.0855/1.1055 resistance holds on a daily closing basis , support comes at the 1.0650 levels ahead of the 1.0580 levels (main) , a halt is likely but a cut will bring a lower leg below the 1.0461 levels.

On the upside , resistance comes at the 1.0855 levels , a break would open main resistance at the 1.055 levels , a halt is likely, but a break would extend gains towards the 1.1183 levels before the next fall..

In all , as long as 1.0855/1.1055 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.0580/1.0461 levels , above the 1.0855/1.1055 levels will extend gains towards the 1.1183 levels before the next fall..

Intraday : According to the 4 hour time frame , the pair is in overbought zone  ,  resistance comes at the 1.0843 levels while support comes at the 1.0769 levels . Break of the 1.0843 levels will open 1.0905/1.0960 levels and possible 1.1051 before the next fall….A failure to take out the 1.0843 levels could man a return to the 1.0769 levels ,a cut will restore the downside momentum and open the 1.0580/1.0461 levels..

 

EURUSD Daily Forecast Apr 02 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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