EURUSD – Intraday Forecast 21 Jan 2014 (Under Pressure)
Recommendations: SHORT positions below 1.3567 with 1.3540 & 1.3516 as next targets.
Alternative scenario: The upside breakout of 1.3667 will bring rebound to 1.3590/1.3620
Description: Intraday bias in EURUSD is on the downside as long as resistance 1.3567 holds on an hourly basis with risk towards 1.3540 ahead of 1.3515 levels, below 1.3515 would open 1.3470 next. On the upside, break of 1.3567 on an hourly basis would delay the bearish move for retesting 1.3620 before the next fall.