Forex Daily Outlook – January 14, 2019

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Published: Jan 14, 2019, 10:12 UTC

EUR/USD The Euro has pulled back in the Friday's session after reaching the 200 Day EMA level and has breached the 1.15 level. The market continues to

EUR/USD

The Euro has pulled back in the Friday’s session after reaching the 200 Day EMA level and has breached the 1.15 level. The market continues to experience a lot of bearish pressure due to the weak fundamentals associated with the pair. The market next few session will continue to be extremely noisy with support at 1.1450 and 1.14 level and until it breaks above the 200 Day EMA, short term selling pressure will continue. …Read More

GBP/USD

The British Pound rallied during the Friday’s session reaching above the 1.28 level, which is, of course, a bullish situation. But overall the traders look confused with current momentum of the market and headlines about the Brexit deal. The 200 Day EMA is massively resistive and could roll over from there and break below 1.27 could result in pair reaching towards the 1.25 level. …Read More

AUD/USD

The AUD rallied during the Friday’s session only to pull back a bit as the area above the 0.72 level continues to be massively resistive. The pair is expected to consolidate between the 0.70 to 0.7250 level. The AUD seems to be in the hands of US-China trade tensions solutions and until there is any positive outcome from the both, AUD will continue to be sluggish. …Read More

USD/JPY

The USD went back and forth against JPY in the Friday’s session, as the market struggled to gain enough momentum to go past the 108 level. The 109 and 110 level above continues to be massively resistive and a break below 105 level, which is a strong support zone will send the market towards the 100 level. The pair is very risk sensitive to the global economy and meltdown in the stock market could send this pair further lower. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.