EURUSD Daily Forecast Dec 01 2014

euro-dollar-594

Daily outlook in EURUSD remains neutral as long as support 1.2440 holds on a daily closing basis , resistance comes at the  1.2503 levels , a daily closing above this level will recapture main resistance at the 1.2600/1.2635 levels before the next fall.

On the downside , support comes at the 1.2440 levels , losing this level on a daily closing basis will build strong pressure on the 1.2360 levels , a halt is likely  but a cut will open 1.2300 next , further down will pave the way towards the 1.2220 levels .

In all , as long as support 1.2440 holds on a daily closing basis , the EURUSD remains in recovery mode and further upside couldn’t be ruled out towards the 1.2503 levels ahead of  the 1.2600/1.2635 levels before the next possible fall , a clear break below 1.2440 will turn outlook towards the 1.2360 levels where a cut will open 1.2300/1.2220 levels.

 

EURUSD Daily Forecast Nov 01 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS