EUR/USD Forecast January 13, 2017, Technical Analysis

The EUR/USD pair rallied on Thursday, reaching towards the 1.07 level. This is an area where I expect to see quite a bit of resistance, so we could see selling in this area. If we get an exhaustive candle, I’m willing to sell this pair, as the quantitative easing has been extended by the ECB. I’m not willing to buy this pair until we break above the 1.0775 handle, on a daily candle. Selling is what I am still looking to do but I recognize I do not have the correct signal currently.