EURUSD Intraday Forecast Oct 16 2014

EURO-Dollar-min

Intraday outlook in EURUSD remains on the upside as long as 1.2735 holds on a 4 hour closing basis , a failure to hold below 1.2735 could mean a return to the 1.2886 levels , a break would open 1.2930 nex, further upside will aim the 1.3000 levels.

On the downside , support comes at the 1.2735 levels , losing this level on a 4 hour closing basis will bring a corrective pullback towards the 1.2624 levels before the next rise.

In all , as long as support 1.2735 holds on a 4 hour closing basis , Intraday outlook in EURUSD remains on the upside towards the 1.2886 levels ahead of the 1.2930/1.3000 levels , below 1.2735 will bring a corrective pullback towards the 1.2624 levels before the next possible rise..

 

EURUSD Intraday Forecast Oct 16 2014

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