EURUSD Daily Forecast Nov 06 2014

euro-dollar-594

Outlook in EURUSD  remains on the downside as long as resistance 1.2576 holds on a daily closing basis, support comes at the 1.2456 levels , a cut will open 1.2340 next , further downside will aim the 1.2190 levels.

On the upside , resistance comes at the 1.2576  levels , sustained trading – daily closing – above the 1.2576  levels will put the pair in recovery mode , but upside move above the 1.2576  levels should be limited  by the 1.2638  levels .However ; a clear break above the 1.2638  levels will extend recovery towards the 1.2770 levels.

In all , as long as resistance 1.2576  holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.2340/1.2190 levels , a clear break above the 1.2576  levels will bring recovery towards  the 1.2638 levels before the next fall..

 

EURUSD Daily Forecast Nov 06 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS