EURUSD Daily Forecast Jan 20 2016

EURO-Dollar-min

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 1.0990 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 1.0904 levels, a cut through the 1.0904 levels will open 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…

Note: Stability above the 1.0904 levels will keep pushing on the 1.0990 levels, even may break higher, below 1.0904 levels could mean a return to the 1.0780/1.0730 levels before the next rise…

 

EURUSD Daily Forecast Jan 20 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS