EURUSD Daily Forecast Dec 30 2014

Outlook in EURUSD remains on the downside as long as 1.2170/1.2216 resistance holds on a 4 hour closing basis , support comes at the 1.2060 levels , a halt is likely , but a cut would open 1.1925 next , further down will aim the 1.1770 levels.

On the upside , resistance comes at the 1.2170 levels ahead of the 1.2216 levels ( main) , sustained trading – break of the 1.2216 levels on a 4 hour closing basis will signal short term bottoming and open 1.2272 levels ahead of the 1.2385 levels before the next fall..

In all , as long as 1.2170/1.2216 resistance holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.2060 levels ahead of the 1.1925 levels , above the 1.2170/1.2216 levels will turn outlook neutral and bring rebound towards the 1.2272/1.2385 levels before the next fall…

 

EURUSD Daily Forecast Dec 30 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS