EUR/USD Daily Forecast – 11 January

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Thursday, Jan 11 2018

EUR/USD Daily Forecast – 11 January

Euro was initially pushed higher in the course of the yesterday's session on news on China slowing or halting in buying US treasury. Pair went all the way to 1.2020 level where it found plenty of resistance and pulled back in order to finish the session around 1.1950 handle. As for tomorrow, we would be more focused on US figures. Any type of supportive candles around 1.1920 and 1.1880 area would be short-term buying signal, while resistive candles above 1.1980 and 1.2020 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, which proved to be the case in the course of this week.

More in this category: « GBP/USD Daily Forecast – 11 January AUD/USD Daily Forecast – 12 January »

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