EURUSD Daily Forecast Dec 23 2014

Outlook in EURUSD remains on the downside as long as 1.2265 resistance holds on a daily closing basis , support comes at the 1.1280 levels , a halt is likely , but a cut would open 1.2075 next , further down will aim the 1.1960 levels..

On the upside , resistance comes at the 1.2265 levels , break of the 1.2265 levels on a daily closing basis will turn outlook neutral and open 1.2376 levels , above this level will recapture the 1.2515/1.2569 levels.

In all , as long as 1.2265 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.2180 levels ahead of the 1.2075 levels, above the 1.2265 levels will open 1.2376 levels before the next possible fall.

Intraday : As long as 1.2272 resistance holds on a 4 hour closing basis , outlook remains on the downside , support comes at the 1.2216 levels where a cut will open 1.2120/1.2000 levels . A clear break above the 1.2272 levels will bring rebound towards the 1.2385 levels before the next fall…….

 

EURUSD Daily Forecast Dec 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS