EURUSD Daily Forecast Apr 23 2014


The EURUSD continued to move in tight rang the past few days , printed resistance at the 1.3824 levels yesterday .This development leaves the pair targeting the 1.3750 levels where a breach will turn focus on the 1.3710 levels , further downside will aim the 1.3665 levels.

On the upside , resistance comes at the 1.3824 levels , break of 1.3824 levels on a daily basis would recapture the 1.3865 levels , If this resistance is taken out , expect the pair to strengthen further towards the 1.3905 levels , further upside will aim the 1.3966 levels..

In all , as long as 1.3824 holds on a daily closing basis  , outlook in EURUSD remains on the downside towards the 1.3750/1.3710 levels, break of 1.3824 will reverse risks towards the 1.3865/1.3905 levels….



EURUSD Daily Forecast Apr 23 2014