| DAILY FORECAST FOR EURUSD |
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Bias: The 1.3697-05 resistance is the key pivotal point here - if this breaks expect a strong rally - else look for new lows While the rush back down to 1.3595 has potential to extend losses I am not so certain. There is support at 1.3650-55 and if the 1.3697-05 resistance breaks expect a sustained rally. This should quickly rally back above 1.3436-66 and 1.3799 and back to around the 1.3838 high. This may well provide a temporary stalling point but overall, depending on how quickly this develops I will be looking for extension to 1.3883 at least. The next larger targets are at 1.3945 and 1.4004... Please view the complete analysis in the attached PDF file. For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site. Kind regards Ian read full article |