EURUSD Daily Forecast Jan 09 2015

Outlook in EURUSD remains on the downside as long as 1.1818 resistance holds on a 4 hour closing basis , support comes at the 1.1753 levels , a halt is likely but a cut would open 1.1700 next , further down will target the 1.1600 levels ahead of the 1.1500 levels.

On the upside , resistance comes at the 1.1818 levels ahead of the 1.1850/1.1885 levels (main) , sustained trading above the 1.1885 levels will suggested short term bottoming and open 1.1975 levels before the next fall…

In all , as long as 1.1818 resistance holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.1753 levels ahead of the 1.1700 levels , above 1.1818 will turn outlook neutral towards the 1.1850/1.1885 levels before the next fall…

 

EURUSD Daily Forecast Jan 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS