EURUSD Daily Forecast Apr 25 2014

EURO-Dollar-min

The EURUSD continued to consolidate around 1.3800 levels , broke above the 1.3824 levels yesterday , printed support at the 1.3786 levels . As a result ; outlook has turned cautiously to the upside , to resume the upside offensive , sustained trading – another daily closing – above the 1.3824 levels is needed , If seen , the pair is likely to recapture the 1.3865 levels with a breach , next resistance comes at the 1.3900 levels , further upside will aim the 1.3966 levels..

On the downside , to reverse risks to the downside , sustained trading – daily closing – below the 1.3785 levels is needed , If seen , the pair will target the 1.3720 levels , further downside will aim the 1.3650 levels…

In all , as long as 1.3785 holds on a daily basis , outlook in EURUSD remains on the upside towards the 1.3865/1.3905  levels , below 1.3785 will reverse risks towards the 1.3720/1.3650 levels……

 

 

EURUSD Daily Forecast Apr 25 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS