EUR/USD Forecast January 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 January 2016 08:10 UTC
The EUR/USD pair rose somewhat significantly during the course of the session on Thursday, but we still find yourselves just below significant resistance as we are still within the consolidation area that we have been trading in for some time. Because of this, we are waiting to see whether or not we get an exhaustive candle just above in order to start selling, which would just continue the consolidation. However, if we break above the 1.1050 level, we feel the Euro will continue to go much higher at that point in time, and become a longer-term “buy-and-hold.”.



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.