EURUSD Intraday Forecast Sept 26 2014

EURO-Dollar-min

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2765 holds on a 4 hour closing basis , a failure to hold above the 1.2765 levels on a 4 hour closing basis could mean return to the 1.2696 levels where a cut will open the 1.2660 levels , more losses will aim the 1.2600 levels,  ahead of the 1.2550/1.2500 levels..

On the upside , sustained trading above the 1.2765 levels will bring small recovery , but any recovery should be limited by the 1.2850/1.2900 levels where resumption of the downtrend  is likely !! In all , the pair remains biased to the downside in short term but faces a recovery risk ..

 

EURUSD Intraday Forecast Sept 26 2014

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MARKET DATA

UPCOMING ECONOMIC EVENTS

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