EUR/USD Daily Forecast – 16 January

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Tuesday, Jan 16 2018

EUR/USD Daily Forecast – 16 January

Euro continued its incline in the course of the yesterday's session though there were no major data releases with pair going all the way near 1.23 handle, where it found some amount of resistance and was pulled back slightly in order to finish the session around 1.2260 area. As for tomorrow, we expect a bit steadier session. Any type of supportive candles around 1.22 and 1.2180 area would be short-term buying signal, while resistive candles above 1.23 and 1.2330 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 with next major resistive point at 1.25 handle.

More in this category: « GBP/USD Daily Forecast – 16 January AUD/USD Daily Forecast – 17 January »

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