EURUSD Intraday Forecast May 23 2014

EURO-Dollar-min

Recommendations: SHORT positions  below 1.3688 with 1.3635  & 1.3600 as next targets.

Alternative scenario: The upside breakout of 1.3688 will call for a rebound  to 1.3723/1.3744.

Description:  Intraday outlook in EURUSD remains on the downside , as long as resistance 1.3688 holds ,support comes at the 1.3635 levels  , a break would open 1.3600 next  , further downside will aim the 1.3550 levels . On the upside : sustained trading – hourly closing  – above the 1.3688 will turn outlook neutral for retesting the 1.3723/1.3744 levels , further upside will call for a run towards the 1.3775 level.


Support & Resistance : 1.3550, 1.3600, 1.3635,  1.3688 (Pivot)  ,1.3723 , 1.3744 , 1.3775

EURUSD Intraday Forecast May 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS