EURUSD Daily Forecast Aug 28 2014

EURO-Dollar-min

The EURUSD failed to break below the 1.3155 levels  yesterday , rebounded towards the 1.3216 levels  .At the moment , outlook remains on the downside as long as 1.3216 holds on a daily closing basis , but you need to be careful a little bit , according to smaller time frames , stability above the 1.3188 levels , could push the pair above the 1.3216 levels….sustained trading below the 1.3188 levels will open the 1.3152 levels , If this level fails , we should see the pair around the 1.3080 levels and possible lower towards the 1.3000 levels…

On the upside , sustained trading – daily closing – above the 1.3216 levels will suggest short term bottoming at the 1.3152 levels , If seen , the pair will recapture the 1.3295 levels , a halt could be seen , but a break would open 1.3365/1.3432 levels before the next possible fall…..

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 where a cut will open 1.3080 levels ahead of the 1.3000 levels , break of the 1.3216 levels on a daily closing basis would delay the bearish move for retesting the 1.3295 levels and possible  the 1.3365/1.3432 levels before the next fall………

 

EURUSD Daily Forecast Aug 28 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS