EUR/USD Daily Forecast – 29 January

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Saturday, Jan 27 2018

EUR/USD Daily Forecast – 29 January

Euro tried to break above 1.25 handle in the course of the Friday's session but found plenty of resistance above this area and pulled back by the end of the session to a daily closing around 1.2420 level. Monday should bring less volatile session as there will be no data releases. Any type of supportive candles around 1.24 and 1.2370 area would be short-term buying signal, while resistive candles above 1.2470 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 – 29 January AUD/USD Daily Forecast - 30 January »

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