EURUSD Intraday Forecast Mar 04 2014

Recommendations: LONG positions above 1.3693 with 1.3750 & 1.3770 as next targets.

Alternative scenario:The downside breakout of 1.3693 will call for a slide to 1.3660/1.3625.

Description: Intraday outlook in EURUSD is on the upside towards 1.3750 ahead of 1.3770 levels as long as support 1.3693 holds on hourly basis , break of 1.3770 will open 1.3800/1.3825  next ,further out will aim the 1.3890 levels .On the downside sustained trading below the 1.3693 levels would open the 1.3660 levels ahead of the 1.3625 levels.

Support & Resistance : 1.3600 , 1.3625,1.3660, 1.3693 (Pivot)  , 1.3750 , 1.3770 , 1.3800


Views: 296

Tags: EURUSD

Comment by Maksim Chelnokov on March 4, 2014 at 10:18am

Same-same) Only little difference - at 1.3693 i aggressively add to shorts)

Comment by Haitham653 on March 4, 2014 at 10:22am
On the 4 hour chart , the EURUSD has printed support at the 1.3720 levels , sudden rise towards the 1.3825 levels is likely in the upcoming 48 hours , break of 1.3825 will have large bullish implication towards the 1.4000 levels. to reverse risks to the downside , sustained trading below the 1.3720 levels is needed on a 4 hour basis , If seen , a free fall to the 1.3585 levels will be in sight.

Comment by Bero Maatouk on March 4, 2014 at 10:41am

Hiii Haitham what about GBPUSD on daily basis need your view as always thank you so much :)

Comment by Haitham653 on March 4, 2014 at 10:56am

Hi Bero

GBPUSD is neutral with risk to the upside on the daily chart , resistance at 1.6740 , break of 1.6740 on a daily basis would expose 1.6820 and open 1.7000 levels..support at 1.6582.....

Comment by Bero Maatouk on March 4, 2014 at 11:57am

Thx Haitham :)

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