EURUSD Daily Forecast Jan 06 2015

Outlook in EURUSD remains neutral with risk to the downside , resistance comes at the 1.1975 levels , a failure to hold above the 1.1975 levels on a 4 hour closing basis could mean a return to the 1.1869 levels , a cut would open 1.1800 next , further down will target the 1.1700 levels.

On the upside , resistance comes at the 1.1975 levels , break of the 1.1975 levels on a 4  hour closing basis will put the pair in recovery mode , but recovery above the 1.1975 levels should be limited by the 1.2130/1.2220 levels where fall resumption is likely .

In all , as long as 1.1975 resistance holds on a 4 hour closing basis, outlook in EURUSD remains on the downside towards the 1.1869 levels ahead of the 1.1800 levels , above the 1.1975 levels  will bring rebound towards the 1.2130 /1.2220 levels before the next fall..

EURUSD Daily Forecast Jan 06 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS