EURUSD Daily Forecast Feb 15 2017

EURUSD, Under Pressure, Eyes Further Bearish Momentum!

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EURUSD, Under Pressure, Even In The Case Of A Recovery!

Outlook in EURUSD remains on the downside as long as 1.0588/1.0619 resistance holds on a daily closing basis, support comes at the 1.0524/1.0480 levels, a halt is very likely and a reversal may occur, however, a cut through the 1.0480 levels would open 1.0404, further down, support comes at the 1.0340 levels.

On the upside, resistance comes at the 1.0588/1.0619 levels, a break will turn outlook neutral and pave the way to the 1.0708 levels before the next falling…

Conclusion: The EURUSD continues to face downside threats below the 1.0619 levels with risk to the 1.0524 levels, above 1.0619 sees recovery threats to the 1.0708 levels before the next falling…

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MARKET DATA

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