EURUSD: Euro struggles to rise above 1.1850. Current 1.1790

[ForexBrokerInc]

The first two European sessions of this week failed to see Euro above the exchange price of 1.1850. It seems that traders are happy to continue selling pullbacks as we get closer to the European Central Bank meeting scheduled for next Thursday, January 22 and the possibility of the adoption of some sort of a QE program. Next week will also see elections in Greece and ECB’s interest rate decision. As there’s not a lot of optimism in Eurozone at present time the pair is likely to test current weekly support levels at 1.1740 and later 1.16440. Should this sentiment change, a break above 1.1850 could see the pair advancing to 1.1950 – a near term resistance caused by last week’s gap.

 

[Prissila]

EUR/USD Technical Analysis for 8th Dec 2015

(Last Price: 1.0873)
BUY, Entry = 1.0875, SL = 1.0835, TP = 1.0915
if wrong then SELL, Entry = 1.0835, SL = 1.0875, TP = 1.0795

[Prissila]

EUR/USD Forecast January 15, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the day on Thursday, but turned back around at the 1.0950 reason to turn this market into a negative candle for the day. It appears that the market is continuing to go negative overall, but it might take a while to get too much lower levels. Ultimately, we prefer to sit on the sidelines as the market is so choppy in general. The choppiness makes this market very difficult for most traders to be involved in, and with that we believe that there are easier markets to be involved in.
 

[Prissila]

EUR/USD Forex Signal

* Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1075.

* Place the stop loss 1 pip below the local swing low.

* Move the stop loss to break even once the trade is 20 pips in profit.

* Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.