EURUSD Intraday Forecast Mar 10 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3832 with 1.3910 & 1.3960 as next targets.

Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3775/1.3750.

Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, break of 1.3915 on hourly basis is needed to resume the upside offensive, If seen It will target the 1.3960/1.4000 levels , further out will aim the 1.4035 levels. On the downside , support comes at the 1.3832 levels , losing the 1.3832 levels on hourly basis will turn outlook neutral and open 1.3775/1.3750 levels before the next rise..

Support & Resistance : 1.3720 , 1.3750 ,1.3775, 1.3832 (Pivot)  , 1.3915 , 1.3960 , 1.4000
EURUSD Intraday Forecast Mar 10 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. EURUSD rejected from the key support 1.3832 as suggested yesterday , minor resistance at the 1.3872 levels , break of 1.3872 would challenge / recapture the 1.3915 levels , above 1.3915 will target the 1.4035 levels……..

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