EURUSD Daily Forecast Jan 13 2015

Outlook in EURUSD remains neutral with risk to the downside as long as 1.1885 resistance holds on a 4 hour closing basis , support comes at the 1.1805 levels , losing this level on a 4 hour closing basis will open the 1.1753 levels, a cut would open 1.1700 next , further down will target the 1.1650 levels..

On the upside , stability above the 1.1805 levels on a 4 hour closing basis could mean a return to the 1.1885 levels , a halt is likely but a clear break above the 1.1885 levels will pave the way towards the 1.1975/1.2000 levels..

In all , as long as 1.1885 resistance holds on a 4 hour closing basis , outlook in EURUSD remains neutral with risk to the downside towards the 1.1805 levels ahead of the 1.1753 levels , above the 1.1885 levels will pave the way towards the 1.1975/1.2000 levels…

 

EURUSD Daily Forecast Jan 13 2015

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