EUR/USD Daily Forecast – 25 January

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Wednesday, Jan 24 2018

EUR/USD Daily Forecast – 25 January

Euro continued its uptrend in the course of the yesterday's session going all the way to 1.24 handle, around which it finished the session. As for tomorrow we would pay attention to ECB interest rate decision and the following press conference. Any type of supportive candles around 1.2350 and 1.23 area would be short-term buying signal, while resistive candles above 1.2450 and 1.25 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 – 25 January AUD/USD Daily Forecast – 26 January »

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