EUR/USD Daily Forecast – 18 January

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Wednesday, Jan 17 2018

EUR/USD Daily Forecast – 18 January

Euro had quite volatile yesterday's session going all the way from 1.23 to 1.22 handle initially, where it found some amount of support and was then pushed higher, but only to find resistance around 1.2280 area and pull back by the end of the session to 1.2220 level. As for tomorrow, focus will be more on US figures. Any type of supportive candles around 1.2180 and 1.2150 area would be short-term buying signal, while resistive candles above 1.2280 and 1.2330 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this pullback. 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 – 18 January AUD/USD Daily Forecast – 19 January »

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