EUR recovers a bit but the outlook is still bearish

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FOREX forecast 25.01-29.01.2016EUR has started the week with small recovery from Friday's drop, however the future expectetions are for more downside as the ECB is ready to act again in March. If ECB anounces more stimilus i expect the EUR to drop below 1.000 and the process to continue through the rest of the year, reaching 0.96-0.94 area. Daily EUR chart is mixed with some upside potential recovery, but the H4 is definitely bearish and the first resistance is 1.0830, followed by 1.0860 and

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