EURUSD Intraday Forecast Nov 24 2014

euro-dollar-594

Intraday outlook in EURUSD is neutral with risk to the  downside as long as resistance 1.2430 on a 4 hour closing basis , support comes at the 1.2360 levels , a cut will open 1.2300 next , further downside will aim 1.2215 levels .

On the upside , resistance comes at the 1.2430 levels , a clear break above this level will extend recovery from 1.2360 levels towards the 1.2503 levels before the next fall , however , If 1.2503 is taken out , focus will be on  the 1.2550 levels ahead of the 1.2600 levels before the next possible fall !!!

In all , as long as resistance 1.2430 holds on a 4 hour closing basis , Intraday outlook in EURUSD remains on the downside towards the 1.2360/1.2300 levels ahead of the 1.22215 levels . Break of 1.2340 will extend recovery towards the 1.2503 levels before the next fall…

 

EURUSD Intraday Forecast Nov 24 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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