EUR/USD Daily Forecast – 05 January

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Thursday, Jan 04 2018

EUR/USD Daily Forecast – 05 January

Euro was pushed higher in the course of the yesterday's session going all the way to 1.2080 area, supported by mixed US figures. However, pair found some amount of resistance and pulled back in order to finish the session slightly above 1.2060 level. As for tomorrow, we would pay attention to Eurozone CPI and US NFP figures. Any type of supportive candles around 1.2030 and 1.20 area would be short-term buying signal, while resistive candles above 1.21 and 1.2130 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.

More in this category: « GBP/USD Daily Forecast – 05 January AUD/USD Daily Forecast – 08 January »

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