EUR/USD Forecast January 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 January 2016 06:03 UTC
The EUR/USD pair rallied initially during the day on Wednesday, but turned back around to form a shooting star. The shooting star of course is a very negative candle, but it is preceded by a hammer, and as a result it appears that the market will continue to see quite a bit of volatility going forward. At this point in time, the market seems to be consolidating overall, but we believe that the market should continue to favor the downside in general. Regardless, the one thing that you can count on is a large amount of volatility.



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.


Subscribe to Newsletter

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