EURUSD Daily Forecast Dec 15 2014

Outlook in EURUSD has turned to the upside as long as 1.2383 support holds on a daily closing basis , resistance comes at the 1.2485 levels ,break of  1.2485 will turn focus on the 1.2550 levels , a halt is strongly suggested , the pair might resume the downtrend from this point , however ; break of the 1.2550 levels will open 1.2630 next , further upside will aim the 1.2725.

On the downside , support comes at the 1.2408 levels ahead of the  1.2383 levels (main)  , sustained trading – daily closing – below the 1.2383 levels will bring  free fall towards the 1.2446 levels , a halt is likely but a cut would open 1.2180 next , further down will pave the way towards the 1.2100/1.2042 levels.

In all , as long as 1.2383 support holds on a daily closing basis , short term outlook in EURUSD remains on the upside towards the 1.2550 levels before the next possible fall  , below 1.2383 levels will resume  the downtrend and open 1.2446/1.2180 levels..

 

EURUSD Daily Forecast Dec 15 2014

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