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EUR/USD forecast for the week of January 25, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Jan 23, 2016, 06:44 UTC

The EUR/USD pair initially tried to rally during the course of the week but turned back around to fall into the 1.08 handle. It now looks as if the market

EUR/USD forecast for the week of January 25, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the week but turned back around to fall into the 1.08 handle. It now looks as if the market may try to drop a little bit from here, but long-term traders will find this market difficult as there is quite a bit of noise just below. If we break down, the market should then head the 1.05 level, but at this point in time we believe short-term traders will probably be much more interested in this market than the longer-term ones.

 

EUR/USD forecast for the week of January 25, 2016, Technical Analysis
EUR/USD forecast for the week of January 25, 2016, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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