EUR/USD Daily Forecast – 09 January

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Monday, Jan 08 2018

EUR/USD Daily Forecast – 09 January

Euro spent yesterday's session in decline going all the way to 1.1950 handle, though there were no major data releases. Pair found some amount of support around 1.1950 area and slightly rebounded finishing the session near 1.1970 level. With no major data releases from Eurozone tomorrow, we can expect a bit steadier session. Any type of supportive candles around 1.1930 and 1.19 area would be short-term buying signal, while resistive candles above 1.20 and 1.2030 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this decline. 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 – 09 January AUD/USD Daily Forecast – 10 January »

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