EUR/USD Continue Downtrend To 1.1017 While Trading Below 1.1070

  


EUR/USD, 6E futures market, Friday forecast, January 24

Downtrend

The ‘s downtrend may be expected to continue, while pair is trading below resistance level 1.1106, which will be followed by reaching support level 1.1070 and 1.1050.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1106, which will be followed by moving up to resistance level 1.1135 – 1.1146.

15-Minute EUR/USD

EUR/USD spot market, Friday forecast, January 24

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.1070, which will be followed by reaching support level 1.1017.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1070, which will be followed by moving up to resistance level 1.1095 – 1.1105.

60-Minute EUR/USD

Weekly forecast, January 20 – 24

Most important news of this week

Monday: United States – Martin Luther King, Jr.

Tuesday: EU (Jan)

Wednesday: US (Dec)

Thusrday: EU (Jan), EU ECB , EU ECB ,

Friday: EU (Jan), EU (Jan), US (Jan)

Forecast and technical analysis

Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.1080, which will be followed by reaching support level 1.1017.

Uptrend

240-Minute EUR/USD

An uptrend will start as soon, as the pair rises above resistance level 1.1105, which will be followed by moving up to resistance level 1.1150 and 1.1170.

Monthly forecast, January – February

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1075 and 1.1020.

Uptrend

1440-Minute EUR/USD

An uptrend will start as soon, as the pair rises above resistance level 1.1200, which will be followed by moving up to resistance level 1.1270 and 1.1370.

DISCLAIMER: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor



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