EURUSD Daily Forecast Jan 29 2016

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Outlook in EURUSD remains neutral with a risk the upside as long as 1.0848 support holds on a daily closing basis, resistance comes at the 1.0990 levels, a halt is likely but a break would open 1.1095 next, further upside, resistance comes at the1.1266/1.1350 levels…

On the downside, support comes at the 1.0848 levels, a cut through the 1.0848 levels will bring a corrective pullback towards the 1.0779/1.0730 levels before the next rise…

Conclusion: The EURUSD continues to face recovery threats above the 1.0848 levels with risk towards the 1.0990 levels, below 1.0848 faces a pullback risk towards the 1.0779/1.0730 levels…

Note: Minor support comes at the 1.0915 levels ahead of the 1.0892 levels…

EURUSD Daily Forecast Jan 29 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS