EURUSD Mid-Day Forecast Oct 23 2014

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Intraday outlook in EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2666 levels . a failure to hold above the 1.2666 levels on a 4 hour closing basis , could mean a return to the 1.2613 levels , a cut will open the 1.2570 levels , further losses will aim the 1.2500 levels.

On the upside , resistance comes at the 1.2666 levels , break of the 1.2666 levels on a 4  hour closing basis will put the pair in recovery mode , but recovery above the 1.2666 should be limited by the 1.2730/1.2760 levels .

In all , as long as resistance 1.2666 holds on a 4 hour closing basis , Intraday outlook in EURUSD remains on the downside towards the 1.2613/1.2570 levels ahead of the 1.2500 levels , above the 1.2666 levels¬†faces a recovery risk….

 

EURUSD Mid-Day Forecast Oct 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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