EURUSD Intraday Technical Forecast


Stay current on the 30 January EURUSD Intraday Technical Forecast as it shows that the pair now intraday bullish above 1.2385. Read on for more.

30 January, OctaFX – The euro has staged a dramatic reversal against the U.S dollar during the European trading session, with price-action now trading well above the 1.2385 level, after earlier finding strong dip-buying demand at the 1.2334 level. The U.S dollar index quickly reversed earlier gains, with the greenback now trading in lockstep with the broader U.S bond market.

So far, the EURUSD pair has found intraday resistance around the 1.2420 level, with the next major upside resistance hurdles found at 1.2432 and 1.2470.

30 January EURUSD Intraday Technical Forecast

  • The EURUSD pair remains intraday bullish while trading above the 1.2385 level, major upside resistance is found at 1.2432 and 1.2470.

  • Should price-action on the EURUSD pair trade back below the 1.2385 level, a further decline towards 1.2360 and 1.2334 seems possible.

Disclaimer

This article about  30 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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