EURUSD Daily Forecast Mar 18 2014

EURO-Dollar-min

The EURUSD continued its bullish momentum yesterday , printed support at the 1.3878 levels . This development leaves the pair targeting the 1.3965 levels where a breach is very likely , If seen It will target the 1.4075 levels , a halt could be seen , but a breach will turn focus on the 1.4240 levels , further  out will aim the 1.4420 levels .

On the downside , main support comes at the 1.3878 levels , stability above this level is likely to take out 1.4000 levels – suddenly – losing the 1.3878 levels will turn outlook neutral and open 1.3720 levels before the next rise .To reverse risks to the downside , a clear break below 1.3720 is needed , If seen , 1.3585 will be in sight ….

In all , as long as support 1.3878 holds on a daily basis , the EURUSD will remain based to the upside towards the 1.4075 levels ahead of the 1.4240 levels , losing the 1.3878 levels will delay the bullish move for retesting 1.3720 levels before the next rise…

 

EURUSD Daily Forecast Mar 18 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS