EUR/USD Daily Forecast - 15 February

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Thursday, Feb 15 2018

EUR/USD Daily Forecast - 15 February

Euro was initially pushed lower in the course of the yesterday's session, but found some amount of support around 1.2280 level and after much weaker than expected US Retail Sales figures pair managed to rebound fully going all the way to 1.2450 handle by the end of the session. As for tomorrow, focus will be on US figures. Any type of supportive candles around 1.24 and 1.2380 area would be short-term buying signal, while resistive candles above 1.25 and 1.2530 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, especially after this rebound. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.

More in this category: « GBP/USD Daily Forecast - 15 February AUD/USD Daily Forecast - 19 February »

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