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EUR/USD Forecast January 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 January 2016 05:57 UTC

The EUR/USD pair initially fell during the course of the session on Tuesday, but turned back around to form a rather positive candle. However, there is a lot of noise between here and the 1.1050 level, which of course can offer quite a bit of resistance. With that being the case, we have no interest in buying or selling this market right now because quite frankly there’s a lot of support below as well. We believe this is going to be a very difficult market, and that if you want to trade the Euro, you might as well do so against the Pound, as there is a fairly clear trend over there.

EUR/USD Forecast January 20, 2016, Technical Analysis

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