EUR/USD Daily Forecast - 05 February

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Wednesday, Feb 04 2015

Euro sharply fell in the course of yesterday's session, unable to break above 1.15 handle and finishing the session below 1.14 handle. Tomorrow we expect a steadier session, in which any type of resistive candles above 1.1450 level would indicate short-term selling opportunity, while supportive candles around 1.13 handle would be short-term buying signal.

Long-term looking, we believe that 1.15 handle would offer plenty of resistance and even if we break above it resistance will continue all the way to 1.20 handle, so buying is not an option.

More in this category: « GBP/USD Daily Forecast - 05 February EUR/USD Daily Forecast - 06 February »

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