Outlook in EURUSD remains neutral with risk to the downside at the moment , resistance comes at the 1.1422 levels , a failure to hold above the 1.1422 levels on a daily closing basis could mean a return to the 1.1223 levels , a halt is likely , but losing the 1.1223 levels on a daily closing basis is needed to restore the downside momentum , If seen , focus will be on the 1.1113 levels ahead of the 1.0959 levels.

On the upside , a failure to hold below the 1.1223 levels  could mean a…

Outlook in EURUSD remains on the downside as long as 1.1315 resistance holds on a daily closing basis , stability below the 1.1315 levels could mean a return to the 1.1090 levels , a cut would open 1.0950 next , further down will target the 1.0850 levels.

On the upside , resistance comes at the 1.315 levels , sustained breakout – daily closing – above the 1.1315 levels will turn outlook neutral and bring rebound towards the 1.1459/1.1539 levels before the next fall..

In all ,…

The EURUSD continued its bearish momentum yesterday , topped at the 1.1650 levels and bottomed at the 1.1315 levels. This development leaves the pair targeting the 1.1215 levels , a halt is likely , but a cut would open 1.1090 next , further down will target the 1.0950 levels .

On the upside , resistance comes at the 1.1459 levels , a break would open 1.1539 next , further upside will recapture main resistance at the 1.1679 levels before the next fall.

In all , as long as…

Outlook in EURUSD remains on the downside as long as 1.1603/1.1638 resistance holds on a 4 hour closing basis , support comes at the 1.1540 levels , a cut would open 1.1500/1.1460 next , further down will target the 1.1400 levels ahead of the 1.1350 levels.

On the upside ,resistance comes at the 1.1603 levels ahead of the 1.1638 levels (main), sustained trading above the 1.1638 levels on a 4 hour closing basis will put the pair in recovery mode and pave the way towards the…