EURUSD Daily Forecast Jun 06 2014

EURO-Dollar-min

The EURUSD maintained a strong bullish momentum yesterday , printed support at the 1.3502 levels .This development leaves the pair targeting the 1.3715 levels , a halt is likely , but a break would open 1.3775 next , further upside will aim the 1.3843 levels.

On the downside , support comes at the 1.3638/1.3598 levels ahead of 1.3502 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 1.3502 levels on a daily closing basis will reverse risks towards the 1.3455/1.3400 levels , further downside will open the 1.3335 levels….

In all , as long as support 1.3502 holds on a daily closing basis , outlook in EURUSD remains on the upside towards the 1.3715 levels ahead of the 1.3775 levels .Below 1.3502 will reverse risks towards the 1.3455/1.3400 levels…….

 

EURUSD Daily Forecast Jun 06 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS