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EURUSD Daily Forecast: January 12

Wednesday, January 11, 2017 20:14
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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0453 but whipsawed to the upside and closed higher at 1.0581. The bias is bullish in nearest term retesting 1.0615/27 area. A clear break above that area could trigger further bullish pressure testing 1.0700 region. Immediate support is seen around 1.0550. A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 – 1.0450 support area. My major technical outlook is neutral.



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  • Ahmed

    It’s tough to point out where the pair is going lead, but we just need to make sure we keep everything going in very sensible way and don’t try anything unnecessary, as it can just makes things complicated. I like to trade only when I am certain about things, it’s easier through broker like OctaFX, as they are awesome having swap free account to help me with long term trades while there is also daily market updates too, so all is perfect.

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