EUR/USD Daily Forecast – 24 January

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Tuesday, Jan 23 2018

EUR/USD Daily Forecast – 24 January

Euro was initially pushed lower in the course of the yesterday's session, but found support around 1.2220 level and was pushed higher, suppported by better than forecasted ZEW Economic Sentiment figures with pair going all the way to 1.23 handle by the end of the session. As for tomorrow focus will be on PMI reports. Any type of supportive candles around 1.2250 and 1.2220 area would be short-term buying signal, while resistive candles above 1.2350 and 1.2370 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 – 24 January AUD/USD Daily Forecast – 25 January »

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