EURUSD Daily Forecast Jul 03 2015

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Intraday Outlook in EURUSD has turned neutral at the moment , a short term support has been printed at the 1.1087/1.1046 levels. Resistance comes at the 1.1130 levels ahead of the 1.1170 levels where strong rejection is very likely , however; a break above the 1.1170 levels will extend recovery towards the 1.1250 levels before the next possible fall, further upside , resistance comes at the 1.1337 levels.

On the downside, support comes at the 1.1087 levels( broken resistance) ahead of the 1.1046 levels (main) , a clear break below the 1.1046 levels will restore the downside momentum and open the 1.0953 levels.

Conclusion : As long as 1.1087/1.1046 support holds on a 4-hour closing basis, the EURUSD remains in recovery mode , but recovery above 1.1046 should be limited by 1.1130/1.1170 where fall resumption is likely, below 1.1046 will restore the downside momentum and open the 1.0953 levels.

EURUSD Daily Forecast Jul 03 2015

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