EURUSD Daily Forecast Oct 22 2015

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Outlook in EURUSD remains on the downside as long as 1.1340/1.1379 resistance holds on a daily closing basis, support comes at the 1.1275 levels, a halt is likely, but a cut would open 1.1235 next, further down, support comes at the 1.1175 levels.

On the upside, resistance comes at the 1.1340 levels ahead of the 1.1379 levels, sustained breakout-daily closing- above the 1.1379 levels will pave the way towards the 1.1500 levels.

Conclusion: The EURUSD continues to face downside threats below 1.1379 levels even in case of a recovery…

On the 4-hour chart, the pair is bearish as long as trades below 1.1350 on a 4-hour closing basis, support comes at the 1.1315 levels, next support comes at the 1.1275 levels…..above 1.1350 will open 1.1385 levels…

EURUSD Daily Forecast Oct 22 2015

EURUSD Daily Forecast Oct 22 2015-h4

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