EUR/USD Daily Forecast – 26 January

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Thursday, Jan 25 2018

EUR/USD Daily Forecast – 26 January

Euro was initially pushed above 1.25 handle in the course of the yesterday's session after ECB press conference but then pulled back on Trump's announcements on stronger dollar with pair going all the way to below 1.24 area by the end of the session. Tomorrow, we would be more focused on US figures. 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 – 26 January AUD/USD Daily Forecast – 29 January »

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