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.
EUR/USD Daily Forecast – 19 January
Euro formed support around 1.2260 level in the course of the yesterday's session and was then pushed higher going all the way to 1.2360 area where it found some amount of resistance and pulled back slightly to 1.2240 area by the end of the session. As for tomorrow, we expect a bit steadier session, as there will be no major data releases. Any type of supportive candles around 1.22 and 1.2150 area would be short-term buying signal, while resistive candles above 1.2280 and 1.23 level would be short-term selling opportunity.
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