EUR/USD Forecast January 21, Technical Analysis

The EUR/USD pair fell all the to down to the 1.35 handle during the session on Monday, but found enough support in order to bounce back above the 1.3550 level, and thereby showing a rather supportive candle. Because of this, we feel that the market is going to continue to go higher, perhaps trying to reach the 1.3650 level in the short-term. However, we still maintain that the 1.35 level is the market falling significantly. If we do manage to break down below it, we would be in the sellers of this pair down to the 1.33 handle.

 

EUR/USD Forecast January 21, Technical Analysis