Thursday Forecast

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1.2172, which will be followed by moving up to resistance level 1.2222.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1.2128, which will be followed by moving down to support level 1.2060.

EUR USD

Previous day forecast

Chart

This/Next Week Forecast (January 11 – 15, 2021)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1.2350, which will be followed by moving up to resistance level 1.2555.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1.2310 – 1.2350, which will be followed by reaching support level 1.2155 and 1.2010.

EUR USD

Previous week forecast

EUR USD

Fundamental Analysis

Difference between US – EU manufacturing and interest rates showing fair price on the level 1.12.

EURUSD

Monthly Forecast, January 2021

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1.2310, which will be followed by reaching resistance level 1.2555 and 1.2800.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1.2010, which will be followed by moving down to support level 1.1600.

EUR USD

Previous forecast

EURUSD

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD rises above 1.21 amid better market mood

EUR/USD has been extending its gains, recapturing 1.21 as the market mood improves. The German ZEW Economic Sentiment beat estimates with 61.8 points. Treasury Secretary nominee Janet Yellen's testimony is awaited.

EUR/USD News

GBP/USD clings to 1.36 ahead of Yellen's testimony

GBP/USD is edging above 1.36 as markets eagerly Treasury Secretary nominee Janet Yellen's testimony. The UK parliament is set to process the Brexit deal as Britain ramps up its vaccination campaign.

GBP/USD News

Gold recovers further from multi-week lows, climbs to $1845 region

Gold gained positive traction for the second consecutive session on Tuesday. A modest USD pullback was seen as a key factor that benefitted the metal. The risk-on mood, rallying US bond yields might cap gains for the commodity.

Gold news

Breaking: Ethereum explodes to new yearly high, validating upward price action

Ethereum has ascended to new yearly highs after breaking the recent peak achieved in January. The flagship altcoin is trading at $1,372 amid the push for gains eyeing $1,400. 

Read more

US Dollar Index looks side-lined near 90.70

The greenback, when tracked by the US Dollar Index (DXY), appears to have moved into a consolidative range around the 90.70 level following the closing bell in Asian markets.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures