EURUSD Weekly Forecast Apr 14 2014

EURO-Dollar-min

The EURUSD continued its bullish momentum last week , printed support at the 1.3695 levels  and topped at the 1.3905 levels . This development leaves the pair targeting  the 1.3996 levels where a breach is likely , If seen , it will target the 1.4025 levels , a break would open 1.4170 next , further upside will aim the 1.4330 levels.

On the downside , support comes at the 1.3820 levels ahead of 1.3695 (main) , stability above support levels will keep pushing towards the 1.4030 levels , however ; sustained trading – weekly closing –  below the 1.3695 levels  will turn outlook neutral for retesting 1.3560/1.3476 levels before the next possible rise.

In all , as long as support 1.3695 holds on a weekly closing basis , the EURUSD will remain based to the upside towards the 1.4030 levels ahead of the 1.4170 levels , below 1.3695 will reverse risks towards the 1.3560/1.3471 levels

 

EURUSD Weekly Forecast Apr 14 2014

 

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