EURUSD Weekly Forecast Feb 16 2015

Despite hesitation , outlook in EURUSD remains on the downside as long as 1.1459 resistance holds on a weekly closing basis , support comes at the 1.1054 levels , a cut would open 1.0820 next , a halt is strongly suggested and rebound could be seen , however ; sustained breakout below the 1.0820 levels will pave the way towards the 1.0132 levels .

On the upside , resistance comes at the 1.1459 levels , sustained breakout -weekly closing- above the 1.1459 levels will turn outlook neutral and bring consolidation , but consolidation above the 1.1459 levels should be limited below the 1.2220 levels where fall resumption is likely …

In all , as long as resistance 1.1459 holds on a weekly closing basis , outlook in EURUSD remains on the downside towards the 1.1054 levels ahead of the 1.0820 levels, a clear break above the 1.1459 levels will turn outlook neutral towards the 1.1753 / 1.1977 levels before the next fall , but in general any rebound above the 1.1459 level should be limited below the 1.2220 levels where fall resumption is likely ..

EURUSD Weekly Forecast Feb 16 2015

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