EURUSD Daily Forecast Jan 27 2015

Outlook in EURUSD remains on the downside as long as 1.1315 resistance holds on a daily closing basis , stability below the 1.1315 levels could mean a return to the 1.1090 levels , a cut would open 1.0950 next , further down will target the 1.0850 levels.

On the upside , resistance comes at the 1.315 levels , sustained breakout Рdaily closing Рabove the 1.1315 levels will turn outlook neutral and bring rebound towards the 1.1459/1.1539 levels before the next fall..

In all , as long as resistance 1.1315 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.1090 levels ahead of the 1.0950 levels , sustained breakout above the 1.1315 levels will turn outlook neutral and bring consolidation below the 1.1539 levels before the next fall..

 

EURUSD Daily Forecast Jan 27 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS