EURUSD Intraday Forecast Mar 24 2014

EURO-Dollar-min

Recommendations (1): SHORT positions  below 1.3845 with 1.3760  & 1.3720 as next targets.

Alternative scenario: The upside breakout of 1.3845 will call for a rebound  to 1.3900/1.3933.

Recommendations (2): LONG  positions  above 1.3750 with 1.3800  & 1.3830 as next targets.

Alternative scenario: The downside  breakout of 1.3750 will call for a slide  to 1.3720/1.3706.

Description: The EURUSD was rejected from 1.3845 levels last week , rejection was  confirmed  on a daily basis at the 1.3845 levels . but the weekly support 1.3750 was also rejected on a weekly basis , As a result ; Intraday outlook turns neutral , support is at the 1.3750 levels ahead of the 1.3706 (main) while resistance comes at the 1.3807 levels ahead of  (1.3845) main, sustained trading above the 1.3845 will pave the way towards the 1.3900/1.3930 levels , above 1.3930 would challenge the 1.3965 levels . On the downside , below 1.3750 will open the 1.3706 levels before the next rise , sustained trading below the 1.3706 is needed to open 1.3615 levels.

Support & Resistance : 1.3707, 1.3750,  1.3807   ,1.3845 (Pivot), 1.3900 , 1.3933 , 1.3965

 
EURUSD Intraday Forecast Mar 24 2014

MARKET DATA

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