Sponsors

EUR/USD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 05:58 UTC

The EUR/USD pair broke higher during the course of the session on Friday, but found enough resistance near the 1.10 level to pull back slightly. On top of that, we have the 100 day exponential moving average there, which is slightly tilted to the negative side. Ultimately though, any pullback should end up being a buying opportunity given enough time though, because the weekly charts are starting to show pretty significant supportive signs as we formed two hammers in a row on the weekly chart, which of course is very bullish. If we can break above the 1.1050 level, that would be the “all clear” for buyers.

EUR/USD Forecast January 18, 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.