EURUSD Intraday Forecast Nov 04 2014

euro-dollar-594

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2545 holds on a 4 hour closing basis , support comes at the 1.2438 levels , a cut will open the 1.2375 levels , further downside will aim the 1.2300 levels ahead of the 1.2240 levels.

On the upside , resistance comes at the 1.2545 levels , break of 1.2545 on a 4 hour basis will extend rebound towards main resistance at the 1.2630 levels before the next fall ?!!

In all , as long as resistance 1.2545 holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.2438 levels ahead of the 1.2375 levels. above 1.2545 will turn outlook neutral towards the 1.2630 levels before the next fall..

Support and resistance : 1.2240 , 1.2300 , 1.2375 , 1.2438 , 1.2500 , 1.2545 , 1.2630 (main) , 1.2685 , 1.2725 , 1.2770

 

EURUSD Intraday Forecast Nov 04 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS