EURUSD Daily Forecast Oct 16 2015

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Short term outlook in EURUSD has turned neutral at the moment, immediate support comes at the 1.1355 levels, a failure to hold below the 1.1355 levels could mean a return to the 1.1495 levels, a break would open 1.1560 next, further upside, resistance comes at the 1.1670 levels.

On the downside, support comes at the 1.1355 levels, a cut through the 1.1355 levels will put the pair in a pullback mode, support comes at the 1.1275 levels, with a break below 1.1275 paving the way towards the 1.1175 levels before the next rise.

Conclusion: The EURUSD continues to face upside threats in the short term above the 1.1355 levels, below 1.1355, faces a pullback risk towards the 1.1275/1.1175 levels before the next rise..

EURUSD Daily Forecast Oct 16 2015

MARKET DATA

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