EURUSD Daily Forecast Mar 27 2014


The EURUSD continued its bearish momentum yesterday , topped at the 1.3827 levels , and bottomed at the 1.3778 levels. This development leaves the pair targeting the 1.3748 levels where a breach is likely , If seen , It will target the 1.3720 levels , a halt is strongly suggested , but losing the 1.3720 levels will open 1.3642 levels , further downside will aim the 1.3585 levels.

On the upside , a failure to hold below the 1.3778 levels could mean a return to the 1.3827 levels ahead of the 1.3845 levels , a halt should be seen where resumption of the downtrend is suggested , but break of 1.3827/1.3845 levels on a daily closing basis , will suggested that fall from 1.3996 is over , If seen , the pair will recapture the 1.3996 levels  where a breach will turn focus on the 1.4035 levels.

In all , as long as resistance 1.3827/45 holds on a daily basis , the EURUSD will remain based to the downside towards the 1.3720 levels , break of 1.3827/45 levels will reverse risks towards the 1.3996/1.4035 levels.



EURUSD Daily Forecast Mar 27 2014