Intraday Forecast in EURUSD remains on the downside as long as resistance 1.2465 holds on a 4 hour closing basis , support comes at the 1.2400 levels where a cut will open 1.2360 next , further losses will aim the 1.2360 levels .

On the upside , resistance comes at the 1.2465 levels , break of 1.2465 levels would open 1.2503 next , a halt is likely but a breach would open 1.2550 levels ahead of the 1.2600 levels .

In all , as long as resistance 1.2465 holds on a 4 hour closing basis , outlook in EURUSD remains on the downside towards the 1.2400 levels ahead of the 1.2360 levels , above 1.2465 look for further upside towards the 1.2503/1.2550 levels .,.

Notes:

  • Stability below the 1.2444 levels on a 4 hour closing basis will accelerate the expected bearish move towards the 1.2400/1.2360 levels .
  • Today focus will be on EURO zone CPI (YoY) (Nov) at 10:00 GMT ..


EURUSD Intraday Forecast Nov 28 2014

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