EURUSD Intraday Forecast Mar 19 2014

EURO-Dollar-min

Recommendations: LONG positions above 1.3878 with 1.3935 & 1.3965 as next targets.

Alternative scenario: The downside breakout of 1.3878 will call for a slide to 1.3840/13807.

Description: The EURUSD  tested main support on daily at the 1.3878 levels yesterday, but the pair was rejected with bullish divergence on the 1 hour chart , as a result ;  Intraday outlook in EURUSD  remains strongly on the upside as long as support 1.3878 holds on hourly basis, stability above the 1.3878 levels could mean a return to the 1.3965 levels , a clear break above the 1.3965 would open 1.4000 levels ahead of 1.4035  levels , further out will aim the 1.4085 levels .On the downside , sustained trading below the 1.3878 levels  – daily close is better – will confirm short term topping and open 1.3842/1.3807 levels , more losses will aim the 1.3770 levels

Support & Resistance : 1.3770, 1.1.3807, 1.3842,  1.3878 (Pivot)  ,1.3915 , 1.3965 , 1.4000, 1.4035

 
EURUSD Intraday Forecast Mar 19 2014

MARKET DATA

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