Sponsors

EUR/USD Forecast January 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 January 2016 05:56 UTC

The EUR/USD pair initially fell during the course of the day on Friday, testing the 1.08 level for support. However, we turned back around to form a bit of a hammer, and that of course is a bullish sign. Because of this, we believe that the market should continue higher, perhaps reaching towards the 1.10 level, and then perhaps the 1.1050 level. We don’t know whether or not we are going to break out above the resistance of the 1.1050 level yet, but it certainly looks like the buyers are starting to take over again

EUR/USD Forecast January 11, 2016, Technical Analysis

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.