EURUSD Weekly Forecast Jun 23 2014

EURO-Dollar-min

Despite recovery last week , outlook in EURUSD remains – cautiously –  on the downside , support comes at the 1.3511 levels , sustained trading – weekly closing – below this level will extend losses towards the 1.3380 levels  , further downside will pave the way towards the 1.3215 levels where a breach will turn focus on the 1.3030 levels….

On the upside , resistance comes at the 1.3668 levels ahead of 1.3774 ( main) , stability below resistance could mean a break below the 1.3511 levels , However ; sustained trading – weekly closing – above the 1.3774 levels will reverse risks towards the 1.3882/1.3993 levels , a halt is likely , but If this important  resistance is taken out , expect the pair to fly towards the 1.4125 levels , further upside will aim the 1.4290 levels.

In all , as long as resistance 1.3668 holds on a weekly closing basis , outlook in EURUSD remains  – cautiously –  on the downside towards the 1.3380 levels ahead of 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 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS