Outlook in EURUSD remains on the downside as long  as 1.0959 resistance holds on a daily closing basis, support comes at the 1.0845 levels , sustained trading – daily closing – below the 1.0845 levels will target 1.0665 next, a halt is very likely but further down will pave the way towards the 1.0461 levels.

On the upside, resistance comes at the 1.0959 levels , a clear break will turn outlook neutral and open the 1.1061/1.1151 levels before the next fall…

In all, as long as 1.0959 resistance holds on a daily closing basis, outlook in EURUSD remains on the downside towards the 1.0845 levels ahead of the 1.0665 levels , above 1.0959 faces a recovery risk towards the 1.1061/1.1151 levels before the next fall..

Notes:

  1. Watch out: weekly support comes at the 1.0845 levels, volatility is suggested around this level…
  2. Intraday trend is very bearish ……..no signs of any rebound (recovery) yet……..

 

EURUSD Daily Forecast May 27 2015

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