EURUSD Daily Forecast Jul 04 2014

EURO-Dollar-min

Despite the decline we witnessed yesterday , outlook in EURUSD remains ¬†neutral , support comes at the 1.3600 levels , stability above this level on a daily closing basis could mean a return to the 1.3697 levels , If this resistance is taken out , expect the pair to flyby towards the 1.3843/1.3993 levels….

On the downside , support comes at the 1.3600 levels ( main) , losing this level on a daily closing basis will turn outlook for the 1.3476 levels……

In all , the EURUSD is likely to consolidate within 1.3600/1.3697 range before the next move , below 1.3600 will open 1.3476 levels , while above 1.3696 levels will open 1.3843/1.3993 levels…

 

EURUSD Daily Forecast Jul 04 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS