wrapper

EUR/USD Weekly Forecast - 19 January - 23 January

Friday, Jan 16 2015

Euro sharply fell in the course of the last week, mostly due to SNB decision to discontinue minimum exchange rate per euro. This pushed euro all the way to 1.15 handle, and in this moment we do not expect any huge rebound soon. This SNB moves also indicates that ECB could be announcing new monetary measures which would further weaken euro

so we are now interested only in selling this pair with target set 1.10 handle. On a short-term basis, next week we expect a steadier beginning as traders are going to be cautious ahead of ECB decision but also due to lack of major data reports. Pair is likely to find short-term support around 1.15 handle and resistance above 1.1670 area so these would are buying and selling points.

Last modified on Friday, 16 January 2015
More in this category: « GBP/USD Weekly Forecast - 19 January - 23 January AUD/USD Weekly Forecast - 26 January - 30 January »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.