EURUSD – Intraday Forecast 17 Jan 2014

EURO-Dollar-min

EURUSD – Intraday Forecast 17 Jan 2014 (Under Pressure)

Recommendations: SHORT positions below 1.3650 with 1.3580 & 1.3550 as next targets.
Alternative scenario:
The upside breakout of 1.3650 will open 1.3700/1.3730 levels.
Description: 
Intraday bias in EURUSD is on the downside as long as resistance 1.3650 holds on hourly basis with risk towards 1.3580 ahead of 1.3550 levels ,On the upside ,break of 1.3650 on hourly basis would reverse risks to the upside towards 1.3700 ahead of 1.3730 levels.

 

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