EURUSD Intraday Forecast Apr 22 2014

EURO-Dollar-min

Recommendations: SHORT positions  below 1.3817 with 1.3780  & 1.3750 as next targets.

Alternative scenario: The upside breakout of 1.3817 will call for a rebound  to 1.3840/1.3862.

Description:  Intraday outlook in EURUSD remains on the downside  , as long as resistance 1.3617 holds on hourly basis , support comes at the 1.3870 levels , a break would open 1.3750 next , further dwomnside will aim the 1.3720 levels. On the upside , break of the 1.3817 levels will turn outlook neutral for 1.3840/1.3862 levels before the next possible fall , to reverse risks to the upside , 1.3862 should be taken out , If seen , the pair will target the 1.3900 levels ahead of the 1.3930 levels.

Support & Resistance : 1.3720, 1.3750 , 1.3780, 1.3817 (PIVOT), 1.3840   ,1.3862 , 1.3900

 


EURUSD Intraday Forecast Apr 22 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. perhaps you did wrong to write… “as long as resistance 1.3617 holds on hourly basis , support comes at the 1.3870 levels” ciao

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