EURUSD Weekly Forecast Jul 28 2014

EURO-Dollar-min

Outlook in EURUSD remains on the downside as long as resistance 1.3490/1.3640 holds on a weekly closing basis , support comes at the 1.3420 levels ,  losing this level would open 1.3350 next , further downside will aim the 1.3180 levels , more losses will pave the way towards the 1.3000 levels…

On the upside , resistance comes at the 1.3490 levels , break of this level will turn outlook neutral for retesting 1.3640 levels before the next fall , break of the 1.3640 levels will suggest short term bottoming and reverse risks to the upside towards the 1.3745/1.3882/1.3993 levels……

In all , as long as resistance 1.3490/1.3640 holds on a weekly closing basis , outlook in EURUSD remains on the downside towards the 1.3350 levels and possible lower towards the 1.3180 levels , Above the 1.3640 levels will turn outlook towards the 1.3745/1.3882/1.3993 levels……….

 

EURUSD Weekly Forecast Jul 28 2014

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