EUR/USD Daily Forecast – 03 January

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Tuesday, Jan 02 2018

EUR/USD Daily Forecast – 03 January

Euro was pushed higher in the course of the yesterday's session, after forming support around 1.20 handle and going all the way to 1.2080 area. There pair found some amount of resistance, and pulled back but again rebounded by the end of the session finishing it above 1.2050 level. As for tomorrow, we would be more focused on US reports. Any type of supportive candles around 1.12020 and 1.1980 area would be short-term buying signal, while resistive candles above 1.2080 and 1.2120 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, and we still expect a lot of struggle above 1.20 area, despite this breakthrough.

More in this category: « GBP/USD Daily Forecast – 03 January AUD/USD Daily Forecast – 04 January »

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