EUR/USD Forecast January 29, 2016, Technical Analysis

The EUR/USD pair rose somewhat significantly during the course of the session on Thursday, but we still find yourselves just below significant resistance as we are still within the consolidation area that we have been trading in for some time. Because of this, we are waiting to see whether or not we get an exhaustive candle just above in order to start selling, which would just continue the consolidation. However, if we break above the 1.1050 level, we feel the Euro will continue to go much higher at that point in time, and become a longer-term “buy-and-hold.”.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com