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EUR/USD Forecast January 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 January 2016 05:43 UTC

The EUR/USD pair broke down below the 1.08 level during the day on Tuesday, showing that the market is continuing to show real selling pressure. A break down below the bottom of the range for the day on Tuesday is a selling signal that should send this market back down to the 1.05 level given enough time. A break above the top of the range for the day on Tuesday should send buyers back into this market and perhaps send the Euro back to the 1.09 level, perhaps even the 1.10 level.

EUR/USD Forecast January 6, 2016, Technical Analysis

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