EURUSD Intraday Forecast Jul 08 2014

EURO-Dollar-min

Recommendations: SHORT positions below 1.3610  with 1.3555  & 1.3511 as next targets.

Alternative scenario: The upside breakout of 1.3610 will call for a rebound to 1.3663/1.3700.

Description: Intraday outlook in EURUSD remains on the downside , as long as resistance 1.3610  holds ,support comes at the 1.3555 levels , a break would open 1.3511 next , further downside will aim the 1.3475 levels . On the upside : sustained trading – hourly closing – above the 1.3610 will turn outlook neutral for retesting the 1.3663/1.3700 levels , further upside will call for a run towards the 1.3745 level.

Support & Resistance : 1.3475 , 1.3511, 1.3555, 1.3610 (Pivot) ,1.3663 , 1.3700 , 1.3745

EURUSD Intraday Forecast Jul 08 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS