EUR/USD Forecast January 27, 2015, Technical Analysis

The EUR/USD pair broke higher during the course of the day on Monday after initially gapping lower. This shows that the market is ignoring the Greek elections for the time being, and that we more than likely are going to retest the 1.15 level for resistance. That was an area that was once supportive, so it makes sense that the market would have to go back there and see if the sellers are serious. At this point in time, we are looking for resistive candles above in order to start shorting the Euro yet again.

 

EUR/USD Forecast January 27, 2015, Technical Analysis