Thursday, January 22, 2015

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for consolidation above 1.1458 temporary low. As long as 1.1868 resistance holds, near term outlook stays bearish. Below 1.1458 will extend recent fall from 1.3993 to next long term fibonacci level at 1.1209. Nonetheless,, break of 1.1868 will indicate short term bottoming and bring stronger rebound.



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