EURUSD Daily Forecast Oct 14 2014


The EURUSD maintained a bullish momentum yesterday , printed support at the 1.2620 levels . This development leaves the pair targeting the 1.2830 levels , a halt is strongly suggested , but break of the 1.2830 will open 1.2930 next , further upside will aim the 1.3000 levels.

On the downside , support comes at the 1.2620 levels , losing this level on a daily closing basis will turn outlook towards the 1.2500 levels , a cut will bring free fall towards the 1.2389 levels and possible lower towards the 1.2300 levels.

In all , as long as support 1.2620 holds on a daily closing basis , outlook in EURUSD remains on the upside towards the 1.2830 levels , below 1.2620 will reverse risk towards the 1.2500 levels.


EURUSD Daily Forecast Oct 14 2014