EURUSD Weekly Forecast Jul 21 2014

EURO-Dollar-min

Outlook in EURUSD remains on the downside as long as resistance 1.3650/1.3698 holds on a weekly closing basis , support comes at the 1.3475 levels ,sustained trading would open 1.3330 next , further downside will aim the  1.3200 levels…….

On the upside , resistance comes at the 1.3650 levels ahead of the 1.3698 levels (main) , break of the 1.3698 levels will turn outlook neutral for retesting the 1.3775 levels, break of the 1.3775 levels will have large bullish implication towards the  ahead  1.3882/1.3993 levels….

In all , as long as resistance 1.3698 holds on a weekly closing basis , outlook in EURUSD remains on the downside towards the 1.3475 levels ahead of the 1.3330 levels , above the 1.3698 levels will turn outlook towards the 1.3775 levels and possible higher towards  the 1.3882/1.3993 levels..

 

EURUSD Weekly Forecast Jul 21 2014 - Copy

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