EURUSD Weekly Forecast 20 – 24 Jan

EURO-Dollar-min

EURUSD Weekly Forecast 20 – 24 Jan  (Downside Risk )

Recommendations: SHORT positions below 1.3620 with 1.3475 & 1.3400 as next targets.

Alternative scenario:The upside breakout of 1.3620 will bring rebound to 1.3700/1.3765.

Description: Outlook in EURUSD is on the downside this week with risk towards 1.3475 ahead of 1.3400 levels as long as resistance 1.3620 holds on a daily closing basis, below 1.3400 would open 1.3300 next.On the upside break of  1.3620 would turn outlook neutral and bring rebound towards 1.3700 ahead of 1.3765 levels before the next fall, above 1.3765 would challenge 1.3892 levels.

Support & Resistance : 1.3295 , 1.3400 , 1.3473 , 1.3620 (Pivot) , 1.3700 , 1.3765 , 1.3892

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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