EURUSD Daily Forecast Jan 15 2016

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Short-term outlook in EURUSD is neutral at the moment, the pair remains in a recovery mode as long as trades above the 1.0780/1.0730 levels on a daily closing basis, resistance comes at the 1.0900 levels ahead of the 1.0990 levels (main), a halt is likely but a break would open 1.1095 next, further upside, resistance comes at the 1.1350 levels…

On the downside, support comes at the 1.0780 levels ahead of the 1.0730 levels (main), below 1.0730 faces a fall risk towards the 1.0630/1.0565 levels before the next possible rise…

Conclusion: The EURUSD continues to face recovery threats above the 1.0730 levels even in the case of a pullback…

On the 4 hour timeframe, the pair in neutral, trapped within 1.0801/1.0940 levels, above 1.0940 will build strong pressure on the 1.0990 levels, below 1.0801 levels will pave the way towards the 1.0730 levels…

 

EURUSD Daily Forecast Jan 15 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS