Tuesday 26 January 2016

Daily technical analysis of the EUR/USD for January 26

EUR/USD

EUR/USD had a moderate bullish momentum yesterday, forming a peak of 1.0856. Expectations are now up to test 1.0969. Initial support is at 1.0800, whose breach could lead price to neutral trading zone testing 1.0700. Overall bearish scenario is still in force, but the price is moving sideways in consolidation so that the limits of the range should also be monitored. Only a clear break from the range will give a clear direction.



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