January on the Eur/Usd. Monthly Forex Forecast.

The Forex Forecast on Currency Pair EUR/USD on the January.

AdJanuary Forex Forecast
First Look in the Euro-Dollar in the New Year.   Firstly I would like to congratulate all of you with Merry Christmas and Happy New Year. So, we will discuss next screenshot from terminal with H1 timeframe. On the images we can find Divergence between Price of Chart and MACD technical indicator. This Divergence shows us information about weakening of down trend. The Down trend began from January 2 and was finished on January 4. As we know, trend can not change direction without Break. Break in this place meaning horizontal channel (Flat). After Divergence channel diapason's upper limit is 1.3139 and Channel diapason's lower limit is 1.2997. This Forex Flat began from January 4 and ended on the January 10. We can calculate averages movement currency pair EURUSD within the range. It is 130-140 pips. If you trade like a Day trader, you should be with take profit and stop loss in this range. After this flat we would expect uptrend on the EUR/USD, but necessary to check our expectations. The price of currency pair should be fixed over level 1.3140 and after that we can open order to BUY. But If does not happen, we will open short position under level 1.3000.

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