EURUSD Daily Forecast Aug 15 2014

EURO-Dollar-min

No change , with the key resistance 1.3424/1.3444 intact , further downside is likely , but stability above the key support 1.3295 could bring more consolidative trading within 1.3300/1.3444 range . On the downside ; sustained trading below the sloping support line  will bring a free fall towards the 1.3105 levels , further losses will aim the 1.3000 levels….

On the upside , break of the 1.3424/1.3444 levels followed by break of the falling resistance line , as seen on the chart , will bring strong recovery towards the 1.3700 levels, a halt is likely , but further upside will aim the 1.3845/1.3993 levels…..

In all ,the EURUSD is likely to consolidate within 1.3300/1.3444 range before the next move و sustained trading above the 1.3424/1.3444 will bring strong recovery towards the 1.3700 levels while sustained trading below the 1.3330/1.3300 levels will bring a free fall towards the 1.3104 levels…….but overall outlook will remain cautiously on the downside below the key resistance 1.3424/1.3444………

 

EURUSD Daily Forecast Aug 15 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS