EURUSD Daily Forecast Oct 30 2014

EURO-Dollar-min

The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2770 levels .This development leaves the pair targeting the 1.2560 levels , a halt is likely , but losing the 1.2560 levels will turn focus on the 1.2470  levels , further downside will aim the 1.2375 levels.

On the upside , resistance comes at the 1.2685 levels ahead of the 1.2770 levels (main) , above the 1.2685 should weaken the current bearish run and open 1.2770 levels , break of 1.2770 on a daily basis will reverse risk towards the 1.2886 levels.

In all , as long as resistance 1.2770  holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.2560 levels ahead of the 1.2470 levels , above the 1.2770 levels  will reverse risk towards the 1.2886 levels ahead of the 1.2994 levels.

 

EURUSD Daily Forecast Oct 30 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS