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Thread: EUR/USD daily outlook

  1. #1
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    Default EUR/USD daily outlook

    The Euro has tested 1.3700 again on yesterday and it managed to find support during today's Asian session. Support backs 1.3700 at 1.3680 and 1.3650. Interim resistance is noticed at 1.3710 followed by 1.3730 and 1.3770. The daily momentum is slightly bearish but losing strength and it will change if the Euro remains above the 1.3700 mark during the next few sessions. Hourly sentiment is neutral. The NFP release in the US today may cause large moves. If the first 2 support levels will hold, the Euro may resume the uptrend aiming towards 1.38 later today. If not, then it will get back into last 2 days range of 1.3640-1.3700. Current quote is 1.3702

  2. #2
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    Default EUR/USD today

    Although current break of 1.3728 has dampened
    our bullishness n erratic fall fm 1.3840 is likely
    to extend weakness twds 1.3700, as broad outlook re
    mains consolidative, sup at 1.3684 shud limit down-
    side n yield rebound later.

    Wud not chase this move here n stand aside for
    now. Only abv 1.3759 wud signal low is made, 1.3780

    Range Forecast
    1.3710 / 1.3740

    Resistance/Support
    R: 1.3759/1.3782/1.3840
    S: 1.3684/1.3638/1.3609

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