Forex Analysis for EURUSD-January 18,2019

Spot seems to have balanced out in the 1.1410 neighborhood so far today, dependably on the back of diminishing instability and the nonappearance of huge impetuses in the worldwide markets.

What’s more, the current rangebound discovers bolster in the 1.1380 district, where sits the key 55-day SMA, while gains seem restricted just past 1.1400 the figure for now.

Information astute in the area, November Current Account figures are expected later, while Industrial Production and the primer print of the U-Mich list will catch all the eye in the NA session.

Prospects of additions around EUR have been undermined by the hesitant message from ECB’s Draghi prior in the week alongside some get in the interest for the buck.

Forex Analysis for EURUSD-January 18,2019:

PENDING ORDER BUY  EUR/USD @ 1. 1403     SL:  1. 1388               TP1: 1.1418     TP2: 1.1433     TP3: 1.1448

PENDING ORDER SELL  EUR/USD @ 1.1384     SL:    1.1399              TP1: 1.1369     TP2: 1.1354     TP3: 1.1339

 

eurusd-forex-analysis-january-18-2019

John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.