EUR/USD Daily Forecast - 30 January

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Monday, Jan 29 2018

EUR/USD Daily Forecast - 30 January

Euro was pushed lower initially in the course of the yesterday's session going all the way to 1.2330 area where it found some amount of support and managed to rebound by the end of the session to a daily closing around 1.2380 area. As for tomorrow, we expect more volatility with German CPI and Eurozone GDP figures. Any type of supportive candles around 1.2350 and 1.2330 area would be short-term buying signal, while resistive candles above 1.2430 and 1.2450 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this decline. 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 - 30 January AUD/USD Daily Forecast - 31 January »

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