Recommendations: LONG positions above 1.3807 with 1.3845 & 1.3900 as next targets.
Alternative scenario: The downside breakout of 1.3807 will call for a slide to 1.3770/1.3750.
Description: The EURUSD failed to hold its gains above the 13878 levels yesterday , but the pair was halted by the key support 1.3807 . Intraday outlook in EURUSD turns neutral , support comes at the 1.3807 levels , stability above this level could push the pair towards the 1.3845 levels , a break will turn focus on the 1.3900 levels ,above 1.3900 will look for the 1.3933/1.3965 levels . On the downside , below 1.3807 will resume fall from 1.3965 towards the 1.3770/1.3750 levels ahead of the 1.3720 levels.
Note : stability / consolidation above the 1.3845 levels could recapture the 1.3965 levels !!!!
Support & Resistance : 1.3720, 1.3750, 1.3770, 1.3807 (Pivot) ,1.3845 , 1.3900 , 1.3933 , 1.3965