EURUSD Daily Forecast Jun 12 2014


The EURUSD continued its bearish momentum yesterday , bottomed at the 1.3521 levels and printed  resistance  at the 1.3556 levels ; Outlook remains cautiously on the downside as long as 1.3556 holds on a daily closing basis , support comes at the 1.3521 levels , losing this level would open 1.3476 next , further downside will aim the 1.3425 levels.

On the upside , main resistance comes at the 1.3556 levels , sustained trading – daily closing –  above this level will rapture the 1.3620/13676 levels . If this resistance is taken out , expect to see the pair around the 1.3715/1.3745 levels…

In all , as long as resistance 1.3556 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.3476 levels ahead of the 1.3425 levels .Break of the 1.3556 levels will reverse risks towards the 1.3620/1.3676 levels….


EURUSD Daily Forecast Jun 12 2014




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