EUR/USD Daily Forecast – 02 January

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Friday, Dec 29 2017

EUR/USD Daily Forecast – 02 January

Euro was pushed further higher in the course of the Friday's session going all the way above 1.20 handle supported by rather good German CPI figures. Pair found some amount of resistance above 1.2020 level and pulled back slightly but managed to finish the session above 1.20 handle. With Bank holiday on Monday and no major data releases on Tuesday we expect bit steadier session. Any type of supportive candles around 1.1980 and 1.1950 area would be short-term buying signal, while resistive candles above 1.2030 and 1.2060 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, but also plenty of resistance above 1.20 area.

More in this category: « GBP/USD Daily Forecast – 02 January AUD/USD Daily Forecast – 03 January »

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