EURUSD Intraday Forecast Mar 12 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3832 with 1.3870 & 1.3910 as next targets.

Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3812/1.3775.

Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, a clear break above 1.3872 is needed to resume the upside offensive , If seen , It will target the 1.3915 , break of 1.3915 will open 1.4000/1.4035 levels. On the downside , losing the 1.3832 on hourly basis will open 1.3812 ahead of 1.3775 levels , If 1.3832 fails to hold , 1.3872 should limit any upside move above 1.3832 and bring decline towards the 1.3775/1.3750 levels .If 1.3832 fails to hold and 1.3872 also fails to limit the upside move , the pair will fly to the 1.4000 levels ASAP….

Support & Resistance : 1.3750 ,1.3775,1.3812,  1.3832 (Pivot)  ,1.3872 , 1.3915 , 1.3960 , 1.4000

 

EURUSD Intraday Forecast Mar 12 2014

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