EURUSD Daily Forecast Aug 08 2014

EURO-Dollar-min

Outlook in EURUSD remains on the downside as long as resistance  1.3424 holds on a daily closing basis, support comes at the 1.3270 levels , a halt is likely , but losing the 1.3270 levels will pave the way towards the 1.3150 levels , further losses will target the 1.3000 levels….

On the upside , resistance comes at the 1.3424 levels , break of 1.3424 levels on a daily closing basis will turn outlook neutral towards the 1.3530 levels before the next fall , break of the 1.3530 will bring strong recovery towards the 1.3700 levels…

In all , as log as resistance 1.3424 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.3270 levels and possible lower towards the 1.3150 levels .Above the 1.3424 levels will reverse risks towards the 1.3530 levels before the next possible fall…..

 

EURUSD Daily Forecast Aug 08 2014

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