Intraday Market Forecast 14 Jan 2014

Intraday Market Forecast will be focusing on EURUSD, XAUUSD & Crude Oil today :

EURUSD: (Upside Bias )

Recommendations: LONG positions above 1.3645 with 1.3675 & 1.3700 as next targets.
Alternative scenario: The downside breakout of 1.3645 will open 1.3620/1.3590 levels.
Description: Intraday bias in EURUSD is on the upside as long as support 1.3645 holds. Main resistance at 1.3700 levels. Above 1.3700 would open 1.3750 next, losing 1365 would turn bias neutral and bring consolidations within 1.3590/1.3620 range…

XAUUSD: ( Upside Bias)

Recommendations: LONG positions above 1245 with 1255& 1260 as the next targets.
Alternative scenario: The downside breakout of 1245 will open 1225/1215 levels.
Description: Intraday bias in XAUUSD is on the upside as long as support 1245 holds. Main resistance at 1260, above this level, would open 1270 ahead of 1280 levels. On the downside. Below 1245 would turn bias neutral and bring consolidations towards 1240/1235 levels, below 1235 would open 1225 next…..

Crude Oil: (Bearish Bias )

Recommendations: SHORT positions below 92.35 with 91.15 & 90.70 as next targets.
Alternative scenario: The upside breakout of  92.35 will open 92.70/93.00 levels.
Description: Intraday bias in Crude Oil is on the downside as long as resistance 92.35 holds with risk towards 91.15 ahead of 90.70 levels. The main resistance comes at 92.35, above this level would open 92.70 ahead of 93.00 next, further out will aim the 93.35/93.70 levels…

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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