EUR/USD Daily Forecast – 25 January

Euro spent most of the Friday's session in a decline, with markets still being influenced by dovish ECB comments regarding future monetary measures. However, are around 1.08 handle still offers some amount of support. As for Monday, we believe that pair is likely to find some amount of support around 1.0750 area, so this would be our short-term buying point, and resistance above 1.0850 and 1.0880 level in extension so this is where we would place short-term selling bids. Read more...

EUR/USD Weekly Forecast – 25 January – 29 January

Events that marked the week:

From Eurozone, on Tuesday, ZEW Economic Sentiment figures were released. The ZEW Indicator of Economic Sentiment for Germany has declined in January 2016. The index has decreased by 5.9 points compared to the previous month, now standing at 10.2 points (long-term average: 24.7 points). Analysts were expecting even larger decline. The indicator has declined for the first time following two consecutive increases. Read more...

EUR/USD Weekly Forecast – 25 January – 29 January

Euro had a steadier initial part of the last week, but was then pushed lower after dovish ECB comments, indicating possible further stimulus at March meeting. However, pair found support slightly below 1.08 handle, around which it finished the week. Next week should be a steadier one, with some data releases but mostly of minor importance. We believe that any type of supportive candles around 1.07 handle would offer short-term buying opportunity, while resistive candles in a range between 1.09 and 1.10 handle would be short-term selling signal. Read more...

German PMI fell in January to a three-month low