Next week will be less volatile so we believe that any type of resistive candle around 1.14 and then 1.1480 level would offer short-term selling opportunity, while supportive candles near 1.1250, initially in the week and 1.12 handle in extension would be short-term buying signal. In long-term trend, despite occasional rebounds we have no interest in buying this pair as there is plenty of resistance going all the way to 1.20 handle so selling on rallies would be our strategy at the moment.
Last modified on Friday, 06 February 2015EUR/USD Weekly Forecast - 09 February - 13 February
Euro went all the way to above 1.15 handle, in the course of the last week, more due to dollar squeeze in the middle of the week, than due to positive Eurozone data, but by the end of the week it was unable to hold on to gains and finished the week around 1.13 handle.
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