EURUSD Intraday Forecast Mar 14 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3842 with 1.3875 & 1.3900 as next targets.

Alternative scenario: The downside breakout of 1.3842 will call for a slide to 1.3807/13770.

Description: The EURUSD declined from 1.3965 levels yesterday , tested main support on daily at the 1.3842 levels , despite that fall , Intraday outlook in EURUSD is neutral with risks to the upside as long as support 1.3842 holds on hourly basis, stability above the 1.3842 levels could mean a return to the 1.3915 levels , a clear break above the 1.3915 would open 1.4000 levels.On the downside , sustained trading below the 1.3842 levels  – daily close is better – will confirm short term topping and open 1.3720 levels before the next possible rise.

Support & Resistance : 1.3750 ,1.3775,1.3807, ,  1.3842 (Pivot)  ,1.3878 , 1.3915 , 1.3965 , 1.4000

 

EURUSD Intraday Forecast Mar 14 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS