EURUSD Intraday Technical Forecast


EURUSD buyers are presently looking at the 1.2432 level as you’d see in the 26 January EURUSD Intraday Technical Forecast. Dig in for more.

26 January, OctaFX – The euro has fallen sharply lower from the 1.2500 level against the greenback after U.S President Donald Trump endorsed having a stronger U.S dollar. After hitting a new three-year trading high, at 1.2537 on Thursday, the EURUSD pair crashed towards the 1.2564 level on the back of President Trump’s comments.

Price-action is now gaining bullish momentum above the 1.2400 handle and trading around the 1.2440 region, as financial markets stay focused on the next directional move in the U.S dollar index.

26 January EURUSD Intraday Technical Forecast

  • The EURUSD pair retains its intraday bullish bias while price-action trades above the 1.2432 level, further upside towards 1.2500 and 1.2537 seems likely.

  • Should the EURUSD pair decline below the 1.2432 level, we may see further selling towards the 1.2400 and 1.2364 support levels.

Disclaimer

This article about  26 January EURUSD Intraday Technical Forecast 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.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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