EURUSD Intraday Forecast Mar 21 2014

Recommendations: SHORT positions  below 1.3845 with 1.3750  & 1.3710 as next targets.

Alternative scenario: The upside breakout of 1.3845 will call 4 a rebound  to 1.3900/1.3933

Description: The EURUSD was rejected from 1.3845 levels as shown on the 30 min chart below , rejection was also confirmed  on a daily basis at the 1.3845 levels . As a result ; Intraday outlook turns to the downside as long as resistance 13845 holds , a break below 1.3748 levels will accelerate the expected bearish move towards the 1.3700 levels . On the upside , a clear break above the 1.3845 levels will reverse risks towards the 1.3900/1.3930 levels.

Support & Resistance : 1.3707, 1.3750,  1.3807   ,1.3845 (Pivot), 1.3900 , 1.3933 , 1.3965

Views: 317

Tags: EURUSD

Comment by Haitham653 on March 21, 2014 at 11:44am

Starting from next week , I'll add 2 new pairs to my analysis list :

EURHUF & USDHUF ...." Only daily chart basis"

Comment by Bero on March 21, 2014 at 5:21pm

Haitham usually the spreads are wide on these pairs ??

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