EURUSD – Weekly Forecast 16-20 Dec 2013

EURO-Dollar-min

Recommendations: LONG positions above 1.3675 with 1.3800 & 1.3870 as next target.
Alternative scenario:The downside breakout of 1.3675 will call for a slide to 1.3600/1.3530.
Description: With the key support 1.3675 intact, further rise is suggested , resistance is at 1.3800 levels, break of 1.3800 would open 1.3870 levels, further out will aim the 1.3950 levels. On the downside ; support comes at 1.3675 level , losing this level would only delay the bullish move for retesting 1.3600/1.3530 before the next rise.

Support and resistance levels : 1.3400 , 1.3470, 1.3530 , 1.3600 , 1.3675 (Pivot) , 1.3800 , 1.3870 , 1.3950 , 1.4025

 

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