EURUSD Daily Forecast Aug 21 2014

EURO-Dollar-min

Outlook in EURUSD remains on the downside as long as resistance 1.3312 holds on a daily closing basis, next support comes at the 1.3206 levels , a halt is likely , but sustained trading below this level will pave the way towards the 1.3150 levels ahead of the 1.3070 levels , further losses will aim the 1.3000 levels …

On the upside , resistance comes at the 1.3312 levels , sustained trading – daily closing – above the 1.3312 levels will turn outlook neutral for retesting the 1.3363 /1.3432 levels before the next fall , to completely remove risks to the upside , 1.3432 should be taken out on a daily basis , otherwise risk will remain to the downside in case of recovery ……

In all , as long as resistance 1.3312 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.3206 levels ahead of the 1.3150 levels, break of the 1.3312 levels on a daily basis will turn outlook neutral for the 1.3363/1.3432 levels before the next fall……

 

EURUSD Daily Forecast Aug 21 2014

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