EURUSD Intraday Forecast Apr 29 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3815 with 1.3880  & 1.3905 as next targets.

Alternative scenario: The downside breakout of 1.3815 will call for a slide to 1.3780/1.3750.

Description: Despite hesitation , intraday outlook in EURUSD remains on the upside as long as support 1.3815 holds , sustained trading above the 1.3880 levels is needed to resume the upside offensive, If seen , the pair will target 1.3930/1.3966 levels , further upside will aim the 1.4000 levels . On the downside , sustained trading below the 1.3815 will turn outlook for 1.3780/1.3750 levels before the next possible rise.

Support & Resistance : 1.3720, 1.3750, 1.3780,  1.3815 (Pivot)  ,1.3850 , 1.3905 , 1.3933 , 1.3965

 


EURUSD Intraday Forecast Apr 29 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS