Sponsors

EUR/USD Forecast January 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 January 2016 06:10 UTC

The EUR/USD pair went back and forth during the course of the day on Wednesday, using the 1.08 level as a bit of a springboard in order to keep the market afloat. That being the case, it looks as if we are going to continue to grind away to the side as the market looks choppy, but also looks likely to have more of a negative bias over the longer term. Having said that, we believe that short-term rally should be selling opportunities, but for short-term trades at best. Quite frankly, we do not like trading this pair at the moment.

EUR/USD Forecast January 14, 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.