EURUSD Daily Forecast Aug 27 2014

EURO-Dollar-min

No change , outlook in EURUSD remains on the downside as long as resistance 1.3216 holds on a daily closing basis , support comes at the 1.3155 levels , losing this level will open 1.3080 next , further losses will aim the psychological level 1.3000..

On the upside , resistance comes at the 1.3216 levels , sustained trading – daily closing – above this level will turn outlook neutral for retesting the 1.3295/1.3363 levels before the the next fall , above 1.3363 would  recapture main resistance at the 1.3432 levels….

In all , as long as resistance 1.3216 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.3155 levels ahead of the 1.3080 levels, above the 1.3215 levels would delay the bearish move for retesting 1.3295/1.3363 levels before the next fall….

Note that stability below the falling support line as shown on the daily chart above , will keep the pair under massive pressure !

 

EURUSD Daily Forecast Aug 27 2014

MARKET DATA

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