EURUSD Weekly Forecast Jun 16 2014


The EURUSD continued its bearish momentum last week , printed resistance at the 1.3668 levels . This development leaves the pair targeting the 1.3380  levels , a halt is likely , but losing the 1.3380 levels on a weekly basis would open 1.3215 next , further downside will aim the 1.3030 levels….

On the upside , break of the 1.3668 will turn outlook neutral for the 1.3774 levels , a halt could be seen , but break of the 1.3774 levels will open 1.3882/1.3993 levels…

In all , as long as resistance 1.3668 holds on a weekly closing basis , outlook in EURUSD remains on the downside towards the 1.3380 levels and  possible lower towards the 1.3215 levels , break of 1.3668 levels will reverse risks towards the 1.3774 levels and possible higher towards the 1.3882/1.3993 levels….



EURUSD Weekly Forecast Jun 16 2016