EURUSD Weekly Forecast Mar 03 2014


The EURUSD continued its bullish momentum last week , printed support at the 1.3642 levels , reached 1.3815 levels as suggested last week . This week outlook is neutral with risk to the upside , rise from 1.3476 is likely to recapture the 1.3892 levels , sustained trading above the 1.3892 will suggest that rising from 1.3476 is resuming ,If seen , the pair will target the 1.4147 levels ahead of the 1.4280 levels, further out will aim the 1.4500 levels. On the downside , support comes at the 1.3732 ahead of 1.3642 levels , a bearish correction towards this area is in sight before attacking 1.3892 levels , however ; sustained trading below the 1.3642 levels will signal short term topping and pave the way towards the main support at 1.3476 levels. In all , In short term view , the EURUSD is likely to consolidate within 1.3642/1.3892 range before the next move , In medium term outlook ; as long as 1.3476 holds on a weekly basis , the EURUSD will remain based to the upside with risk towards the 1.3815 levels ahead of 1.4147/1.4280 levels. Losing the 1.3476 level would reverse risks towards the  1.3325 /1.3105 levels.


EURUSD Weekly Forecast Feb 04 2014