EURUSD Intraday Forecast May 23 2014

Recommendations: SHORT positions  below 1.3688 with 1.3635  & 1.3600 as next targets.

Alternative scenario: The upside breakout of 1.3688 will call for a rebound  to 1.3723/744.

Description:  Intraday outlook in EURUSD remains on the downside , as long as resistance 1.3688 holds ,support comes at the 1.3635 levels  , a break would open 1.3600 next  , further downside will aim the 1.3550 levels . On the upside : sustained trading – hourly closing  - above the 1.3688 will turn outlook neutral for retesting the 1.3723/1.3744 levels , further upside will call for a run towards the 1.3775 level.


Support & Resistance : 1.3550, 1.3600, 1.3635,  1.3688 (Pivot)  ,1.3723 , 1.3744 , 1.3775

Written by http://www.askhaitham653.com/

Views: 308

Tags: EURUSD

Comment by Bero Maatouk on May 23, 2014 at 8:27am

Morning Haitham ...

Do you have any update for GBPUSD daily basis ???

Comment by gladwin dsouza on May 23, 2014 at 10:23am
bero...short frm 13855 tp 1.3815 tp2 1.3790
Comment by Bero Maatouk on May 23, 2014 at 10:50am

Hii Gladwin I'm already short from 6870 but maybe I will close it at 6830 ...

Good luck Gladwin :)

Comment by Haitham653 on May 23, 2014 at 11:50am

Hi Bero

I've already published a new post for GBPUSD ....

Good luck...

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