EURUSD Daily Forecast Jan 02 2015

Outlook in EURUSD remains on the downside as long as 1.2097 resistance holds on 4 hour closing basis , support comes at the psycho level 1.2000 , a halt is likely , but a cut would open 1.1950 next , further down will pave the way towards the 1.1900 levels.

On the upside , resistance comes at the 1.2097 ( main) , break of the 1.2097┬álevels will turn outlook neutral and open 1.2170/1.2216 levels before the next fall…

In all , as long as 1.2097 resistance holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.2000 levels ahead of the 1.1950/1.1900 levels . Above the 1.2097 levels will turn outlook neutral towards the 1.2170/1.2216 levels before the next fall..

 

EURUSD Daily Forecast Jan 02 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS