Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had been in an uptrend since the swing low on 12 December 2017 at 1.1718.
Based on our forecast, if the momentum continues, we could potentially see this pair to test 1.2380 as our first target and if this level is taken out, we could also potentially see this pair to test 1.2500 to 1.2530 level. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.2120 - 1.2160. We will watch this pair very closely and see what the price pattern tells us the next move of EURUSD .
17 Jan 2018
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