EURUSD Intraday Forecast Apr 08 2014

EURO-Dollar-min

Recommendations: SHORT positions  below 1.3805 with 1.3750  & 1.3720 as next targets.

Alternative scenario: The upside breakout of 1.3805 will call for a rebound  to 1.3827/1.3845.

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3805 holds on hourly basis, support comes at the 1.3750 levels , a break would open 1.3720 next, further downside will aim the 1.3690 levels. On the upside , a break above the 1.3805 levels  will turn outlook neutral for retesting 1.3827/1.3845 levels before the next fall, sustained trading above the 1.3845 would challenge – expose – 1.3875 and pave the way towards the 1.3996 levels…

Support & Resistance : 1.3640 , 1.3693,1.3720 , 1.3720, 1.3805 (PIVOT), 1.3827   ,1.3845 , 1.3875

 
EURUSD Intraday Forecast Apr 08 2014

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