EURUSD Daily Forecast Jun 01 2016

EURO-Dollar-min

Outlook in EURUSD remains on the downside as long as 1.1216 resistance holds on a daily closing basis. Support comes at the 1.1057 levels, a halt is likely but a cut would open 1.0955 next. Further down, support comes at the 1.0821 levels…

On the upside, immediate resistance comes at the 1.1216 levels, a break will suggest short term bottoming and pave the way towards the 1.1315/1.1379 levels before the next fall…

Conclusion: The EURUSD continues to face downside threats below the 1.1216 levels…

Intraday: As long asĀ 1.1136 resistance holds on a 4- hour closing basis, the pair remains on the downside towards the 1.1100/1.1080 levels ahead of the 1.1057 levels, above 1.1136 will turn outlook bullish in short term view for retesting 1.1184/1.1227 levels before the next move ?!!

EURUSD Daily Forecast Jun 01 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS