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EUR/USD Forecast January 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 January 2016 06:06 UTC

The EUR/USD pair initially fell during the course of the day on Thursday, but found enough support at the 1.08 level to turn things around and form a rather positive looking candle. That being the case come the market looks as if it is ready to continue going higher in the short-term, but we recognize that there is a massive amount of resistance running all the way to the 1.1050 level above, and as a result we actually prefer selling resistive candles if we get that opportunity. With the jobs number coming out today, it’s likely that we will get some type of volatility.

EUR/USD Forecast January 8, 2016, Technical Analysis

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