EUR/USD Daily Forecast – 17 January

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Tuesday, Jan 16 2018

EUR/USD Daily Forecast – 17 January

Euro was initially pushed lower in the course of the yesterday's session, but found some amount of support around 1.22 handle in order to completely rebound by the end of the session and finish it around 1.2260 level. As for tomorrow, with no major data releases we expect similar 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 – 17 January AUD/USD Daily Forecast – 18 January »

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