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EUR/USD forecast for the week of January 25, 2016, Technical Analysis
Updated: Jan 23, 2016, 06:44 GMT+00:00
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
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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.
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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