EURUSD Daily Forecast Apr 04 2014

EURO-Dollar-min

The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.3805 levels , and bottomed at the 1.3697 levels. This development leaves the pair targeting the 1.3660 levels where a breach will turn focus on the 1.3618 levels , further downside will aim the 1.3585 levels.

On the upside , resistance comes at the 1.3766 levels ahead of 1.3805 ( main) , break of 1.3805 levels on a daily basis will turn outlook neutral for 1.3827/1.3845 levels . To reverse risks to the upside ; 1.3845 should be taken out , If seen , the pair will target the 1.3966 levels ahead of the 1.4035 levels .

In all , as long as 1.3805 holds on a daily basis , the EURUSD will remain based to the downside towards the 1.3660 levels ahead of the 1.3618 levels , break of 1.3805 will reverse risks towards the 1.3827/1.3845 levels before the next fall…

 

EURUSD Daily Forecast Apr 04 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS