EURUSD Intraday Forecast Oct 10 2014

EURO-Dollar-min

Intraday outlook in EURUSD remains neutral with risk to the upside , support comes at the 1.2675 levels , stability above this level on a 4 hour closing basis , could mean a return to the 1.2715/1.2765 levels , a clear break above this level would challenge main resistance at the 1.2822 levels ,  If this resistance is taken out , expect recovery to extend higher towards the 1.2895/1.2994 levels.

On the downside , support comes at the 1.2675 levels  , a clear break below this level on a 4 hour closing basis , will turn outlook towards 1.2589 levels , a cut will open 1.2500 levels , further downside will aim the 1.2389 levels.

In all , as long as support 1.2675 holds on a 4 hour closing basis , Intraday outlook  in EURUSD remains on the upside towards the 1.2715 levels ahead of the 1.2765 levels . A clear break below the 1.2675 levels will reverse risk towards the 1.2589 levels ahead of the 1.2500 level……..

 

EURUSD Intraday Forecast Oct 10 2014

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