EURUSD Daily Forecast Jan 21 2015

Outlook in EURUSD remains on the downside as long as 1.1603/1.1638 resistance holds on a 4 hour closing basis , support comes at the 1.1540 levels , a cut would open 1.1500/1.1460 next , further down will target the 1.1400 levels ahead of the 1.1350 levels.

On the upside ,resistance comes at the 1.1603 levels ahead of the 1.1638 levels (main), sustained trading above the 1.1638 levels on a 4 hour closing basis will put the pair in recovery mode and pave the way towards the 1.1726/1.1766 levels before the next fall..

In all , as long as 1.1603/1.1638 resistance holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.1540 levels ahead of the 1.1460 levels , a clear break above the 1.1638 levels will turn outlook neutral and pave the way towards the 1.1726/1.1766 levels before the next possible fall..

 

EURUSD Daily Forecast Jan 21 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS