EURUSD Intraday Bullish Outlook


Stay informed with the latest 12 January EURUSD Intraday Bullish Outlook. What does it reveal about the euro? Find out.

12 January, OctaFX –The euro has moved sharply higher against the greenback, reaching 1.2068 against the U.S dollar, following the release of a more hawkish than expected ECB Meeting Minutes. The Meeting Minutes revealed that members of the European governing council may start to change ECB guidance in 2018, to represent the continued economic recovery underway in the eurozone.

The EURUSD pair currently trades around the 1.2040 level, with buyers now looking to the 2017 price-high, at 1.2093, as bullish momentum continues to build in the euro ahead of the European trading session.

12 January EURUSD Intraday Bullish Outlook

  • The EURUSD pair is strongly bullish while trading above the 1.2030 level, further upside towards 1.2093 and 1.2150 remains possible.

  • Should price-action on the EURUSD pair move below the 1.2030 level, sellers may start to target the 1.2010 and 1.1989 support zones.

Disclaimer

This article about  12 January EURUSD Intraday Bullish Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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