EURUSD – Intraday Forecast 24 Jan 2014

EURO-Dollar-min

EURUSD – Intraday Forecast 24 Jan 2014 (Further Upside)

Recommendations: LONG positions around 1.3645 with 1.3700 & 1.3750 as next targets.
Alternative scenario:
The downside breakout of 1.3625 will bring a slide to 1.3600/1.3580.
Description: 
Intraday bias in EURUSD is on the upside as long as support 1.3625 holds on an hourly basis with risk towards 1.3700 ahead of 1.3750 levels.On the downside, break of 1.3625 on an hourly basis would delay the bullish move for retesting 1.3600/1.3580 before the next rise…(note that you can buy around 1.3645 and stop below 1.3625 ( 10/15 pips).

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