EURUSD Daily Forecast Jul 27 2016

“EURUSD: Sees Further Bearish Momentum”

Outlook in EURUSD remains on the downside as long as 1.1040/1.1080 resistance holds on a daily closing basis, support comes at the 1.0954 levels where a cut will open 1.0825, a halt is likely and a reversal may occur, however; a clear break below the 1.0825 levels would open 1.0636 next, further down, support comes in the 1.0480 levels…

On the upside, resistance comes at the 1.1040/1.1080 levels, above this level faces a recovery risk towards the 1.1148 levels before the next fall, further upside will extend recovery towards the 1.1295 levels…

Conclusion: The EURUSD continues to face downside threats below the 1.1040/1.1080 levels…
EURUSD Daily Forecast Jul 27 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS