EURUSD Intraday Forecast Apr 16 2014

EURO-Dollar-min

Recommendations: SHORT positions  below 1.3862 with 1.3810  & 1.3780 as next targets.

Alternative scenario: The upside breakout of 1.3862 will call for a rebound  to 1.3900/1.3930

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a break above the 1.3862 levels  will reverse risks towards the  1.3900 levels ahead of the 1.3930 levels , further upside will recapture the 1.3966 levels

Support & Resistance : 1.3740 , 1.3780,1.3807 , 1.3840, 1.3862 (PIVOT), 1.3900   ,1.3930 , 1.3966

 

EURUSD Intraday Forecast Apr 16 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS