EURUSD Daily Forecast: January 25

EURUSD Forecast

The EURUSD had a bearish momentum last week bottomed at 1.0777. The bias is bearish in nearest term testing 1.0700 region. Immediate resistance is seen around 1.0830. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900 but key intraday resistance remains around 1.0969/80 area. Overall, as long as stays below the trend line resistance I still prefer a bearish scenario at this phase but we all know that price has been moving sideways without clear direction for the last 7 weeks so for me the best place to sell is at least around 1.0969/80.