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EUR/USD Daily Forecast – 19 January

There were no data releases from Eurozone yesterday, with traders being cautious at the beginning of the week. The ECB January meeting and press conference (Thursday) are the most important events for the EUR this week, and while policy settings are widely expected to remain unchanged, dovish rhetoric should place downward pressure on the currency. In the statement and press conference, the ECB is likely to show concern with the tightening in financial conditions that has occurred since its December meeting, including 5% EUR NEER appreciation. Read more...

EUR/USD Daily Forecast – 19 January

Euro spent steadier Monday's session being traded within 60 points, as there were no data releases and with US banks being closed in observance of Martin Luther King's Day. As for tomorrow, we can expect more volatility with ZEW Economic Sentiment figures being released. Any type of supportive candles around 1.08 handle would offer short-term buying opportunity, while resistive candles above 1.0940 level initially and 1.0980 area in extension would be short-term selling signal. Read more...

ECB likely to show concern with the tightening in financial conditions

The ECB January meeting and press conference (Thursday) are the most important events for the EUR this week, and while policy settings are widely expected to remain unchanged, dovish rhetoric should place downward pressure on the currency. In the statement and press conference, the ECB is likely to show concern with the tightening in financial conditions that has occurred since its December meeting, including 5% EUR NEER appreciation.  Read more...

EUR/USD Daily Forecast – 18 January

Euro spent Friday's session in an uptrend, bouncing out from 1.0850 handle and being further supported by weaker than expected US figures. However, pair found area around near 1.10 handle to be too resistive at the moment and pulled back slightly by the end of the session. Read more...

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