EURUSD Mid-Day Forecast Oct 29 2014


The EURUSD continued its bullish momentum , printed support at the 1.2723 levels .This development leaves the pair targeting 1.2815/1.2840 levels , a halt is strongly suggested , but a breach will turn focus on the 1.2886 levels , further upside will aim the 1.2930 levels.

On the downside , support comes at the 1.2723 levels , losing this level on a 4 hour closing basis will reverse risks towards the 1.2685 levels , a cut will open 1.2640 levels , further losses will aim the 1.2613 levels.

In all , as long as support 1.2723 holds on a 4 hour closing basis , Intraday outlook in EURUSD remains on the upside towards the 1.2815/1.2840 levels and possible higher towards the 1.2886 levels , below 1.2723 will reverse risk towards the 1.2685/1.2640 levels before the next move.


EURUSD Mid-Day Forecast Oct 29 2014