EUR/USD Daily Forecast – 23 January

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Monday, Jan 22 2018

EUR/USD Daily Forecast – 23 January

Euro went back and forth in the course of the yesterday's session with support around 1.2220 level and resistance above 1.2270 area, in the end finishing the session above 1.2250 handle. As for tomorrow, we would pay attention to ZEW Economic Sentiment figures. Any type of supportive candles around 1.2220 and 1.22 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 – 23 January AUD/USD Daily Forecast – 24 January »

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