The EURUSD continued its bullish momentum yesterday, printed support at the 1.1200/1.1130 levels. This development leaves the pair targeting the 1.1450 levels, a halt is likely, but a break will open 1.1533 next, further upside will call for a run towards the 1.1700 levels.

On the downside, Immediate support comes at the 1.1278 levels ahead of the 1.1200/1.1130(main), a cut should weaken the current bullish run and open the 1.1065 levels before the next rise.

In all, as long as 1.1200 support holds on a daily closing basis, outlook in EURUSD remains on the upside towards the 1.1450 levels ahead of the 1.1533 levels, below 1.1200 sees a corrective pullback towards the 1.1130/1.1065 levels before the next rise.

EURUSD Daily Forecast May 14 2015

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