30 January - 6 February WEEKLY Forecast EUR/USD

EURO to Dollar FOREX Weekly Forecast.

Monday. 30 January - Monday. 6 February

Major FOREX Pair: Eur/Usd renewal period Daily.

Economic News

30 Jan time GMT:
10.00 AM Euruozone ec. sentiments
1.00 AM EU sammit.
1.30 AM USA important events

We are waiting for a strong move in euro-dollar pair. Have a look at these screenchots

Technical Analysis

01/30 - 2/06 Euro to Usd Daily:

30 Jan EURUSD Daily forecast. Periodicity: Daily

We have two alternative directions

The first path is from EUR/USD ~ 1.32500 (38% of the Fibonacci levels from the previous wave) to down EUR/USD ~ 1.26300.

FIRST WAY: 30 Jan pair: EURUSD Daily. Sell to 1.3100 or lower 

or the second path is an upward trend to the levels EUR/USD ~ 1.34400 (50% Fibonacci from the previous wave) or higher 1.3620 (61% Fibonacci from the previous wave)

The chart represents an alternative path of further movement of the pair: EUR/USD Daily. Move Up to 1.2440 (50% Fibonacci) or higher 1.3620 (61% Fibonacci)

However, there is a third option of the pair's development, which implies the movement in a horizontal channel (Flat).



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