Outlook in EURUSD remains neutral with possible risk to the upside towards the 1.3663 levels , a break would open 1.3700 next ,further upside will aim the 1.3745 levels…….

On the downside , support comes at the 1.3600 levels ahead of the 1.3575 levels (main), stability above support levels will keep pushing upwards , however ; sustained trading – daily closing – below the 1.3575 levels will resume the bearish move towards the 1.3510/1.3475 levels before the next possible rise……

In all , as long as support 1.3575 holds on a daily basis , outlook in EURUSD remains – cautiously – on the upside towards the 1.3663/1.3700 levels, below 1.3575 will open 1.3510/1.3475 levels……….


Written by www.askhaitham653.com/

Views: 203

Tags: EURUSD

Comment by Haitham653 on July 10, 2014 at 9:59am

According to the one hour chart , both of MACD & RSI are diverging the price positively , On the daily chart . according to daily %R – Williams , a temporary bottom has been placed at the 1.3575 levels , so as long as 1.3575 holds , sudden rise couldn't be ruled out , sustained trading below the 1.3575 will extend losses towards the 1.3510/1.3475 levels..

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