EUR/USD, Tuesday forecast, January 14
Uptrend
The uptrend may be expected to continue, while the EUR/USD pair is trading above support level 1.1131, which will be followed by reaching resistance level 1.1170.
Downtrend
A downtrend will start as soon, as the EUR/USD pair drops below support level 1.1131, which will be followed by moving down to support level 1.1105.
(Click on image to enlarge)
Weekly forecast, January 13 - 17
Most important news of this week
- Monday: -
- Tuesday: US Core CPI (YoY) (Dec)
- Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
- Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
- Friday: EU Core CPI (YoY) (Dec)
Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while the EUR/USD pair is trading above support level 1.1080, which will be followed by reaching resistance level 1.1170.
Downtrend
A downtrend will start as soon, as the EUR/USD pair drops below support level 1.1080, which will be followed by moving down to support level 1.1017 - 1.0988.
(Click on image to enlarge)
Monthly forecast, January - February
Downtrend
The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1075 and 1.1020.
Uptrend
An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1200, which will be followed by moving up to resistance level 1.1270 and 1.1370.
(Click on image to enlarge)
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