EUR/USD Daily Forecast – 10 January

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Tuesday, Jan 09 2018

EUR/USD Daily Forecast – 10 January

Euro continued its decline in the course of the yesterday's session going all the way to 1.1920 area, where it found some amount of support, but only to finished the session around 1.1930 level. With no major data releases tomorrow, we can expect continuation of this trend. Any type of supportive candles around 1.19 and 1.1870 area would be short-term buying signal, while resistive candles above 1.1980 and 1.20 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, which proved to be the case in the course of this week.

More in this category: « GBP/USD Daily Forecast – 10 January AUD/USD Daily Forecast – 11 January »

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