EURUSD Daily Forecast Dec 19 2014

The EURUSD continued its bearish momentum yesterday , topped at the 1.2352 levels and bottomed at the 1.2265 levels . This development leaves the pair targeting the 1.2180 levels , a halt is likely but a cut would open 1.2075 next , further down will pave the way towards the 1.1960/1.1875 levels .

On the upside , resistance comes at the 1.2352 levels , break of the 1.2352 levels on a daily closing basis will turn outlook neutral and bring rebound towards the 1.2515/1.2569 levels before the next possible fall…

In all , as long as 1.2352 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.2180 levels , above the 1.2352 levels will reverse risk towards the 1.2515/1.2569 levels.


EURUSD Daily Forecast Dec 19 2014