EURUSD Daily Forecast Sept 18 2014

EURO-Dollar-min

Finally , after consolidating below the 1.2962 levels for a couple of days , the EURUSD has declined towards the 1.2850 levels . Outlook remains on the downside , resistance comes at the 1.2920 levels ahead of the 1.2994 levels (main) , sustained trading – daily closing above the 1.2994 levels will put the pair in recovery mode , but upside gains above the 1.2994 levels  should be limited strongly by the 1.3080/1.3159 levels ..

On the downside , support comes at the 1.2850 levels , below 1.2850 will accelerate the bearish move towards the 1.2760 levels , a halt is likely , but losing 1.2760 will open 1.2635 next , further losses will aim the 1.2500 levels..

In all , as long as resistance 1.2920/1.2994 holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.2760 levels and possible lower towards the  1.2635 levels  , above the 1.2994 levels will bring recovery towards the 1.3080/1.3159 levels…

 

EURUSD Daily Forecast Sept 18 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS